Where a loan offer requires acceptance by all offerees and one signature is forged, no enforceable agreement comes into force, and a registered mortgage that defines 'Secured Money' by reference to amounts payable under a 'Secured Agreement' will secure nothing — even if the mortgage's interpretation clause permits 'I' to be read as referring to any one of multiple mortgagors. The perpetrator of the forgery remains liable on the basis of admissions and the equitable mortgage principle. Institutional lenders using 'all moneys' clauses that depend on antecedent documentation are vulnerable to the effects of forgery of that documentation.
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