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Equity of redemption: Difference between revisions
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{{a|g|[[File:Dutch door mat.jpg|thumb|450px|center|A dutch door mat, or “terugkoopvermogen” yesterday]] | {{a|g|[[File:Dutch door mat.jpg|thumb|450px|center|A dutch door mat, or “terugkoopvermogen” yesterday]] | ||
[[File:Clogs.jpg|thumb|450px|center|Some clogs yesterday]]}} | [[File:Clogs.jpg|thumb|450px|center|Some clogs yesterday]]}}The [[equity of redemption]] is a concept developed by the courts of chancery from an old Dutch {{t|metaphor}}. In the 19th century, a “''terugkoopvermogen''” was a multi-purpose brush mat. By tradition, a Dutch tulip farmer (or miller) expecting guests would lay one at the front door as a place for visitors to put their footwear when visiting. | ||
The [[equity of redemption]] is a concept developed by the courts of chancery from an old Dutch {{t|metaphor}}. In the 19th century, a “''terugkoopvermogen''” was a multi-purpose brush mat. By tradition, a Dutch tulip farmer (or miller) expecting guests would lay one at the front door as a place for visitors to put their footwear when visiting. | |||
As long as there were visitors, the ''terugkoopvermogen'' could not be otherwise used: there were clogs on it. Once all the visitors had left, taking their [[clogs]] with them, the farmer was able to take the mat back and put it to a better use. | As long as there were visitors, the ''terugkoopvermogen'' could not be otherwise used: there were clogs on it. Once all the visitors had left, taking their [[clogs]] with them, the farmer was able to take the mat back and put it to a better use. | ||