Conveyancing Predicted Exam (2024) || With Questions & Answers (100% Verified)
Conveyancing Predicted Exam (2024) || With Questions & Answers (100% Verified)
Explain what evidence of your client's registered title BU997201 you would need to send to the buyer's lawyers and why, and describe how ...
, Conveyancing Predicted Exam (2024) ||
With Questions & Answers (100% Verified)
Explain what evidence of your client's registered title BU997201 you would need to
send to the buyer's lawyers and why, and describe how you would obtain this
evidence. (4 marks) - ANSWER - 1- Provide with official copies of the register and
title plan.
2- Apply with Form OC1 or LR online portal or NLIS.
3- up to date office copies. Will want to see what entries currently appear.
4- The accuracy of official copies issued by the Land Registry is guaranteed.
Explain whether or not Ian White would need to sign the contract for the sale of 3a
John Street. (4 marks) - ANSWER - 1- He is in occupation, may have an overriding
interest. 2- He will need to sign the contract.
3- In order to release any interest he may have in the property
4- and to confirm he will vacate the property on completion.
In relation to your client's sale of 3a John Street, explain how, on exchange of
contracts, you would deal with the deposit paid by the buyer and why you would deal
with it in that way. (3 marks) - ANSWER - 1- Standard Conditions of Sale SCS 2.2
apply.
2- Deposit will be held as agent insofar for related purchase.
3- Any balance being held as a stakeholder.
1. In relation to the exchange of contracts with the buyer's lawyers on your client's
sale of 3a John Street, state which Law Society Formula would be used and explain
why that particular formula would be used in this case. (3 marks) - ANSWER - 1-
Law Society Formula C
2- Chain transaction, related purchase.
3- Ensures simultaneous exchange and commitment on both transactions.
Identify the type of official search that could be carried out in relation to 3a St John
Street and explain how it could have been applied for and what information would
have been provided by the search result (3 marks) - ANSWER - 1- Search of the
Index Map at LR.
2- Applied using paper Form SIM or LR portal.
3- Search result will tell whether the title is registered or unregistered and any title
numbers affected.
Describe four matters, which you would need to include in the client care letter to be
sent to your client regarding her sale (4 marks) - ANSWER - 1- Confirmation of firm's
instructions to act.
2- Outline of the next steps.
3- Full breakdown of firm's costs.
4- Outline of firm's complaint procedures.
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 $10.99. You're not tied to anything after your purchase.
