Chapter 4 Self-test questions

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A contract for the sale of an estate in land was made on 20th September 1989. Which set of rules apply to this contract?

The rules under s.40 LPA 1925 correct incorrect

The rules under s. 2, Law of Property (Miscellaneous Provisions) Act 1989. correct incorrect

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In 1980, Vick agreed to sell his freehold estate to Percy. In 1985 Vick gave Percy a note signed by Vick and recording the fact that Vick had agreed to sell the estate to Percy for £100,000. If, in 1990, Percy had brought an action for specific performance of the contract, would the note have been sufficient for the court to enforce the contract?

Yes correct incorrect

No correct incorrect

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In January 2010, Vikram agreed to sell the freehold estate in Catsvilla to Peony. The contract was signed by both parties and complies with s.2 of the Law of Property (Miscellaneous Provisions) Act 1989 but no deed transferring the estate has ever been executed. Which of the following statements are true? Tick all that apply.

Peony has a legal estate in Catsvilla correct incorrect

Peony has an equitable interest in Catsvilla correct incorrect

Peony does not need to insure Catsvilla yet correct incorrect

If Vikram fails to transfer Catsvilla to Peony, she will certainly be able to obtain an order for specific performance of the contract. correct incorrect

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