.../Ishliuraer, I Bro. CC 497. that nothing was better established than the principle, that money directed to be employed in the purchase of land, and land directed to be sold and turned into noney, are to be considered as that species of iroperty into which they are directed to be .•onverted,...

...rule of equity, that money directed to be laid out in land, and land directed to be sold and converted into money, are to be considered as that species of...property into which they are directed to be converted. Ante, vol. 1. p. 559. n. (9). Et vid. Doughty v. Bull, 2 P. Wms. 323. Attorney-General v. Johnston,...

...directed to be sold and turned into money, and money directed to be employed in the purchase of land, are to be considered as that species of property into...and this in whatever manner the direction is given. The principle on which the doctrine is founded, regarding substance and not the forms, considers the...

...where land is directed to be turned into money, or money is directed to be laid out in land, both shall be considered as that species of property into which they are directed to be converted. Considering the 20,000/. as land, the disposition not being capable of being carried into effect, who...

...Ashburner (b), cited in 1 Williams on Executors, 513 (c)t Part ii. Book ii., " that money directed to be employed in the purchase of land, and land directed...property into which they are directed to be converted," whether the direction be given by will, contract, or otherwise. " The owner of the fund or the contracting...

...Fletcher v. Ashburner,* nothing is better established than this principle, that money directed to be employed in the purchase of land, and land directed...into which they are directed to be converted, and that too in whatever manner the direction is given, whether by will, by way of contract, marriage articles,...

...principle, that lands agreed to be turned into money, or money into lands, shall be considered in eqnity, as that species of property, into which they are directed to be converted. So, in 8 Ohio, 364 ; where partners manifest an intention to hold land, as partnership stock, and buy...

...Nothing is better established than this principle : that money directed to be employed in the purchases of land, and land directed to be sold and turned into money, are to be considered (c) Lewes o. Popkin, see 3 Mcr. Lord Suffieltl, 3 Mer. 700. 701 ; and Barker ». Ivors, 5 Bro. (<•)...

...that as done, that ought to have been done, it has been long established that money directed to be employed in the purchase of land, and land directed...considered as that species of property into which they are to be converted ; and this in whatever manner the direction is given, whether by will, by contract,...

...convey is in equity equivalent to a conveyance (c). Generally speaking, therefore, money directed to be employed in the purchase of land, and land directed...sold and turned into money, are to be considered, "by the transmutation of a court of equity," to use Lord Hardwicke's expression (d), as that species...