- Excambion
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Definition
Excambion "(Scots law)": The exchange of land. The deed whereby this is effected is termed "Contract of Excambion".
There is an implied real warranty in this contract, so that if one portion is evicted or taken away on a superior title, theparty losing the property is entitled to demand the return of the other given in exchange. Entailed lands were allowed, under certain limitations and conditions, to be exchanged by the Act 10 Geo. III. c. 51, extended by the 6 and 7 Will. IV. c. 42, and still more so by 11 and 12 Vict. c. 36, s. 5 (1848).
Alternate spellings: "excambie", "excamb", "excambiator" (an exchanger, a broker).
FromLatin : "excambium" (n. an exchange), "excambiare" (v. to exchange).The definition was constructed from the sources. [cite book
last = Barclay
first = Hugh
title = A Digest of the Law of Scotland (Second Edition)
publisher = T. & T. Clark
date = 1855
location = Edinburgh
pages = 319] [ cite book
last = Shumaker
first = Walter A.
coauthors = George Foster Longsdorf
title = The Cyclopedic Law Dictionary
edition = Second Edition by James C. Cahill
year = 1922
publisher = Callaghan and Company
location = Chicago
pages = 376 ] [cite web
title = Scottish Language Dictionaries
url = http://www.dsl.ac.uk/dsl/
accessmonthday=March 6
accessyear=2008 (entry "excamb")]Additional explanations
ee also
Tailzie Scots law Property law ources and References
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