Maxim 1.5.250
In an exchange it is necessary that the estates be equal.
En eschange il covient que les estates soient egales.
Source: Co. Litt. 60; Wharton
Difficulty 3/5 — Intermediate
Explanation
A valid exchange of property requires that both estates be of the same nature and quality — a fee cannot be exchanged for a term of years, nor freehold for leasehold.
Where this applies
- Someone tries to exchange a permanent property interest for a temporary one.
- A property swap involves estates of unequal nature.
Legal domains
Cite this maxim
NeCede Max. 1.5.250 — In an exchange it is necessary that the estates be equal. — Co. Litt. 60; Wharton (En eschange il covient que les estates soient egales.)
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