logo

The Student Name of the University Author

   

Added on  2020-04-13

11 Pages2556 Words339 Views
Running head: LAWLAWName of the StudentName of the UniversityAuthor Note
The Student Name of the University Author_1
1 LAWTable of ContentsQuestion 1........................................................................................................................................2Issue.............................................................................................................................................2Rules............................................................................................................................................2Application..................................................................................................................................3Conclusion...................................................................................................................................4Question 2........................................................................................................................................4Question 4........................................................................................................................................7The terms of lease........................................................................................................................7The sublease to Dr. Bendit...........................................................................................................9Reference.......................................................................................................................................10
The Student Name of the University Author_2
2 LAWQuestion 1 Issue According to the case facts, the issue has found whether Sleazy can take any legal actionfor recovers her money or not?RulesConveyancing is a form of business where the title of real property has transferred to oneperson to another where it guarantees to grant the encumbrance for a mortgage or lien. Two ormore than two parties form a contract to exchange the equitable interests for settlement the titlerights of the property. The sale of the land is governed according to the jurisdiction of thelocation of that property. It is a contract for sale agreement for changing the rights of title of anyproperty. According to the contract, it must meet with the elements, which includes the essentialelements of a contract like free consent, consideration, competency of the parties, certainty andlawful objects. The basic elements of the sale of goods contract are: The two or more than two parties, the sale of the actual goods or any property Transfer of the ownership and exchange of price of the goods.Therefore, it is necessary to satisfy all the terms of the sale of any goods or property. Whenan agreement has formed for selling any property or take loans then it must processed withappropriate rules and regulation. A contract for sale must formed between the parties where thevendor will make the offer for the purchase and purchaser can negotiate the terms with thevendors. The paying amount of the property will decided according to the value of the property.
The Student Name of the University Author_3
3 LAWThe decided amount may negotiate according to the terms of the contract. The property, which issold through any auction then the amount of the property will, decided according to the highestbid in the auction. In this part, the vendor and purchaser both can negotiate the price. Theexchange of contract depends according to the nature of the formed contract. The cooling offperiod is another part where the purchaser has the period where the contract can be rescind bythe purchaser. For the sale of auction, the cooling off periods never applies. In the case ofWestpac Banking Corporation vs. Cronin (1990)1, the plaintiff found to apply for a Certificateof Title for his property. However, later he claimed that the certificate was delivered as securityfor amounts due to the bank in respect of the companies. In another case, Gurfinkel vs. BentleyPty Ltd (1996)2 through an action the defendant has found to bankrupt and the plaintiff was thetrustee in bankruptcy of the estate. For the transfer of the property title the purchaser must transfer the property documentswith the signs of both the purchaser and vendor. Through the conveyancer the registration of anyproperty swill processed after the settlement of between the purchaser and vendor. In the time forcompletion, the contract can be completed after the development of new titles has issued. Application According to the fact, Cool has handover the Certificate of Title of his property to hisaccountant Happy and asked for arrange a loan. In a letter Happy inform to Cool that she hasenclose a cheque for $25,000 for his business startup and her client Sleazy has provided the fund.She also mentioned about to hold that the certificate of title in the office. However after Cool hasreceived the cheque, he did not repayment the amount to Sleazy. Now according to the facts ofthe case, Cool is bound to repayment of the debt amount to Sleazy. According to the property,1 6 BPR 13, 1052 116 CLR 98
The Student Name of the University Author_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Case Study on Vendor and Purchaser Law
|11
|2214
|511

Legal Procedures for Selling Residential Property in New South Wales
|8
|1925
|197

Civil Law
|6
|1157
|465

Desklib - Online Library for Study Material with Solved Assignments, Essays, Dissertations
|14
|3224
|354

Importance of Attachments to Section 32 Statements in Property Transactions
|7
|3223
|56

Commercial Contracts Assignment
|12
|2604
|50