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About: Devaynes v Noble     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Rule105846054, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatCommonLawRulesyago:Abstraction100002137yago:Case107308889yago:Cognition100023271yago:Concept105835747yago:Content105809192yago:Event100029378yago:Happening107283608yago:Idea105833840yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntityyago:Rule105846054 New Facet based on Instances of this Class

Devaynes v Noble (1816) 35 ER 781, best known for the claim contained in Clayton's case, created a rule, or more precisely common law presumption, in relation to the distribution of money from a bank account. The rule is based upon the deceptively simple notion of first-in, first-out to determine the effect of payments from an account, and normally applies in English Law in the absence of evidence of any other intention. Payments are presumed to be appropriated to debts in the order in which the debts are incurred.