W6 - Enforcement of Interests

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Which of the following correctly describes the requirements of a land contract?

In writing, is signed by both parties and is delivered

The agreement need not be in writing if the term of the agreement is for less than 3 years and the conditions in LPA, s 54(2) are met

In writing, contains all the terms and is signed by both parties (correct)

Intended as a contract, executed by the grantor in the presence of a witness who attests their signature and delivered

When a land contract is signed, the parties need not sign the same physical copy. The parties can sign different copies of the same document.

Is this statement true or false?

True because s 2(1) permits all the terms to be in two documents provided they are identical (correct)

True because the contractual terms can be incorporated by reference under s 2(2)

False the parties must sign the same physical document

Two people enter into an agreement for lease of land. The agreement refers to various plans and a document which contains a scheme of building works that must be completed by the landlord prior to the commencement of the lease. The agreement is drafted by the seller’s solicitor and signed by both the buyer and seller. The landlord fails to undertake the building works and the prospective tenant refuses to enter into the lease. Which of the following statements best describes whether the landlord can compel the prospective tenant to enter into the lease under the terms of the agreement?

The prospective tenant need not enter into the lease because the agreement does not comply with the necessary statutory formalities

The prospective tenant must enter into the lease because the agreement complies with the necessary statutory formalities

The prospective tenant need not enter into the lease because the landlord has not complied with plans and scheme of building works, which have been included in the sale agreement by incorporation (correct)

The prospective tenant must enter into the lease because the plans and scheme of building works are not part of the agreement for lease

Two neighbouring land owners enter into an agreement in which one of the landowners will offer their neighbour the right to buy the land first if they decide to sell. The landowners subsequently orally decided to extend the period of the agreement. Which of the following statements correctly describes whether the agreement has been validly extended?

The agreement has not been extended because the variation does not comply with the necessary statutory formalities Signup and view all the answers

If you hold the benefit of a valid land contract, what kind of interest (if any) do you have in the land that is the subject matter of the contract?

The contract gives an equitable interest in the land Signup and view all the answers

A buyer and seller enter into a valid contract for the sale of a piece of land. The seller subsequently decides to pull out of the deal because a higher offer from a third party is received. The buyer still wishes to proceed with the purchase. Which of the following options correctly describes the best advice to the buyer?

The buyer should ask for the court for an order of specific performance which would compel the seller to comply with the contract Signup and view all the answers

To which of the following types of document would LP(MP)A 1989, s.2 NOT apply?

A five-year lease Signup and view all the answers

A woman is the owner of a registered freehold estate (the 'Land'). The woman grants to a man an interest in the Land. The man does not protect the interest in accordance with the relevant rule under the LRA 2002.

Two years ago, the woman gifted the Land to their friend.

A year later, the friend sold the Land to a buyer.

Last month, the buyer died. Their daughter inherited the Land. Assuming the man never protects his interest. Who on the facts will be bound by the man's interest during their period ownership of the Land?

The woman and the friend only Signup and view all the answers

To which of the follow scenarios would the basic rule of priority apply?

A man gift their land to a woman Signup and view all the answers

Which of the following options is a 'registrable disposition' to which s 29 will apply?

Transfer /grant of a legal estate / grant of a legal mortgage Signup and view all the answers

W6 - Enforcement of Interests

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Questions and Answers

Which of the following correctly describes the requirements of a land contract?

When a land contract is signed, the parties need not sign the same physical copy. The parties can sign different copies of the same document.

Is this statement true or false?

If you hold the benefit of a valid land contract, what kind of interest (if any) do you have in the land that is the subject matter of the contract?

To which of the following types of document would LP(MP)A 1989, s.2 NOT apply?

To which of the follow scenarios would the basic rule of priority apply?

Which of the following options is a 'registrable disposition' to which s 29 will apply?

More Quizzes Like This

Real Estate Land Descriptions Quiz

Indian Land Routes and Maritime Contacts Quiz

13. Seller Financing

Real Estate Laws and Regulations Quiz

Upgrade to continue

W6 - Enforcement of Interests

Podcast Beta

Questions and Answers

Which of the following correctly describes the requirements of a land contract?

When a land contract is signed, the parties need not sign the same physical copy. The parties can sign different copies of the same document. Is this statement true or false?

If you hold the benefit of a valid land contract, what kind of interest (if any) do you have in the land that is the subject matter of the contract?

To which of the following types of document would LP(MP)A 1989, s.2 NOT apply?

To which of the follow scenarios would the basic rule of priority apply?

Which of the following options is a 'registrable disposition' to which s 29 will apply?

More Quizzes Like This

Real Estate Land Descriptions Quiz

Indian Land Routes and Maritime Contacts Quiz

13. Seller Financing

Real Estate Laws and Regulations Quiz

When a land contract is signed, the parties need not sign the same physical copy. The parties can sign different copies of the same document.

Is this statement true or false?