Podcast
Questions and Answers
Which form of contract must be agreed upon between the seller and the buyer?
Which form of contract must be agreed upon between the seller and the buyer?
- Agree form of contract ## TS
- Agree form of contract ## SS
- Agree form of contract ## CS
- Agree form of contract ## BS (correct)
What happens if the buyer does not complete on the day of completion?
What happens if the buyer does not complete on the day of completion?
- They will have to renegotiate the contract
- They will receive a penalty
- They will lose their 10% deposit (correct)
- They will be given an extension
What must the solicitors ensure in terms of completion dates?
What must the solicitors ensure in terms of completion dates?
- Each party has their own completion date
- Everyone in the chain has the same completion date (correct)
- The completion dates are staggered
- The completion dates are flexible
What is the consequence of the seller not completing the transaction?
What is the consequence of the seller not completing the transaction?
What is the purpose of exchanging contracts?
What is the purpose of exchanging contracts?
Which document is drafted in duplicate?
Which document is drafted in duplicate?
What happens if the buyer does not complete on the day of completion?
What happens if the buyer does not complete on the day of completion?
What is the purpose of obtaining the redemption figure for the existing mortgage?
What is the purpose of obtaining the redemption figure for the existing mortgage?
What must the solicitors ensure in terms of the completion date?
What must the solicitors ensure in terms of the completion date?
What is the consequence of not having the client's express authority to exchange contracts?
What is the consequence of not having the client's express authority to exchange contracts?
Which of the following is a requirement for a valid will?
Which of the following is a requirement for a valid will?
How is mental capacity of the testator assumed in relation to a will?
How is mental capacity of the testator assumed in relation to a will?
What does the test for mental capacity (CL Test) require the testator to understand?
What does the test for mental capacity (CL Test) require the testator to understand?
When is the material time to assess capacity for executing a will?
When is the material time to assess capacity for executing a will?
What is the exception to having mental capacity at the time of executing a will?
What is the exception to having mental capacity at the time of executing a will?
