MCQs Land - Conveyance Part 2 Exam || With 100% Accurate Solutions
7 views 0 purchase
Course
Conveyancing
Institution
Conveyancing
MCQs Land - Conveyance Part 2 Exam || With 100% Accurate Solutions
MCQs Land - Conveyance Part 2 Exam || With 100% Accurate Solutions
The practice among solicitors is that any correspondence between vendor and purchaser prior to the contract for the sale of land should be marked with the words ...
MCQs Land - Conveyance Part 2 Exam
|| With 100% Accurate Solution
2024
CONCEPTIAL RESEARCH
conceptialresearch@gmail.com
, MCQs Land - Conveyance Part 2 Exam
|| With 100% Accurate Solutions
The practice among solicitors is that any correspondence between vendor and
purchaser prior to the contract for the sale of land should be marked with the words
"Subject to Contract/Contract Denied".
a. The return of a contract signed by the purchaser is an offer to purchase and is not
deemed to be an acceptance of a prior offer,
b. The return of a contract signed by the purchaser is merely an invitation to treat
and is not deemed to be an offer to buy,
c. The return of a contract signed by the purchaser is an acceptance of the offer to
purchase, and the contract comes into existence at this point,
d. The return of the contract signed by the vendor is an invitation to treat and is not
deemed to be an offer of sale - ANSWER - A
The general rule in relation to the physical condition of the land is caveat emptor,
meaning 'buyer beware':
a. This places an absolute onus on the purchaser to satisfy himself at to the physical
condition of the land under sale,
b. The vendor is not under any duty at law to disclose physical defects in the land,
unless the purchaser has the property surveyed,
c. There is no onus on the purchaser to examine the planning status of adjoining
properties, or to consider whether local authority projects such as road-widening are
likely to effect the property,
d. The vendor is held to give a warranty as to the water supply to the property -
ANSWER - A
The vendor is obliged to provide an accurate legal description of the property i.e.
freehold or leasehold and so on:
a. It has been held that if the vendor is silent with regard to the matter, he is deemed
to contract to sell the fee simple in possession with incumbrances,
b. It has been held that if the vendor is silent with regard to the matter, he is deemed
to contract to sell the fee simple in possession free from incumbrances,
c. It has been held that if the vendor is silent with regard to the matter, the contract is
null and void,
d. It has been held that if the vendor is silent with regard to the matter, the contract is
voidable at the instance of the purchaser - ANSWER - B
In relation to the question of persons other than the vendor who may be in
occupation of the land:
a. The onus is on the vendor to disclose the rights or interests of those in occupation,
b. The fact of occupation puts a purchaser on constructive notice of the rights and
interests of those in occupation,
c. If both the vendor and purchaser remain silent in relation to the question, then the
purchaser is held to take the land free of all existing rights,
d. None of the above - ANSWER - B
In relation to the vendor's duty to disclose:
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 conceptialresearchers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
