100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
2021 LPL4804 EXAM NOTES WITH Q AND ELABORATED ANSWERS $2.77
Add to cart

Exam (elaborations)

2021 LPL4804 EXAM NOTES WITH Q AND ELABORATED ANSWERS

 96 views  4 purchases
  • Course
  • Institution
  • Book

THIS DOCUMENT CONTAINS ALL LEARNING UNITS SUMMARIZED NOTES ACCOMPANIED BY QUESTIONS AND ANSWERS.

Preview 4 out of 172  pages

  • November 2, 2021
  • 172
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
avatar-seller
LPL4804 EXAM PACK 2021




Downloaded by: koketsosilas | koketsosilas2@gmail.com
Distribution of this document is illegal

,LPL4804
CONVEYANCING
EXAM PACK

Conveyancing QUESTIONS & ANSWERS
Unit 1

Briefly discuss: The South African deeds registration system is characterised by a
high degree of state interference. (4)

• Despite the South African registration system being nominally a negative
system, there is a great deal of state interference.
• In the South African system the registrar is obliged in terms of section 3 of
the Deeds Registries Act, to check the deeds for registrability and reject deeds
if they do not conform.
• The registration system is linked to the state cadastral system.
• The registration system requires municipal rates clearances from local
authorities and transfer duty receipts or exemptions from the South African
Revenue Service.




Downloaded by: koketsosilas | koketsosilas2@gmail.com
Distribution of this document is illegal

, Stuvia.com - The study-notes marketplace
Briefly discuss: The limited state liability for incorrect data in the South African
deeds registration system in terms of section 99 of the Deeds Registries Act,
illustrates both positive and negative characteristics. (4)

• Section 99 provides that the state and or the registrar/official will be liable for
incorrect data where they were either o Mala fide or
o Failed to exercise reasonable care and diligence.
• This is a positive characteristic in the sense that the state does accept some
liability although South Africa has a negative registration system.
• However, simultaneously, the fact that the state liability is so limited and
defined, and not a general acceptance of state liability, is a negative
characteristic.




Why is the South African deeds registration system generally described as negative?
(4)

• The state provides no automatic guarantee that information is correct.
• The state does not have a special fund to compensate for incorrect
information.
• A new deed is required for every transfer.
• In terms of section 99 of the Deeds Registries Act, the state is, however,
liable for incorrect information as a result of an act or omission by an
employee that is mala fide or does not reflect reasonable care and diligence.
• The South African deeds registry system has characteristics of both positive
and negative systems, but is regarded as nominally negative.




@yash0505
Downloaded by: koketsosilas | koketsosilas2@gmail.com
Distribution of this document is illegal

, Stuvia.com - The study-notes marketplace




Explain why and how deeds which are lodged for execution in a South African
deeds registry are linked. (5)

• Deeds that must be registered simultaneously for financial reasons, although
prepared and lodged by different conveyancers, can be linked as a batch.
• This is done by completing their lodgement covers in a specific way.
• These are then lodged on the same day in separate lodgement covers.
• The deeds are then examined/checked together, by the deeds personnel, as a
batch, and are registered simultaneously as a batch.
• The linked deeds are all deemed to be registered only when the last
transaction in the batch has been signed by the registrar.




List five characteristics of the South African deeds registration system that are
indicative of a positive system. (5)

• The state examines/investigates documentation and transactions for legality.
• The state completes and maintains a register to title.
• Register of title is linked to a cadastral system of maps and diagrams.
• The state is liable under specific circumstances for shortcomings.
• The state register is subject to a great deal of state supervision and
intervention/interference.
• The public relies on the accuracy of the deeds registry data, although no
guarantee is given by the state.
• Linking of transactions occurs.




Why is the South African deeds registration system regarded as a negative deeds
registration system? (3)

• The state gives no guarantees as to the accuracy of the state register.
• The state as a general rule does not incur liability for inaccurate or incomplete
records, except in very specific and limited circumstances.
• Transfer is generally effected in a new deed of transfer for each transaction.




Unit 2



@yash0505
Downloaded by: koketsosilas | koketsosilas2@gmail.com
Distribution of this document is illegal

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller koketsosilas. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.77. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.77  4x  sold
  • (0)
Add to cart
Added