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Return to Property Law 14e Student Resources
Chapter 5 Multiple choice questions
The draft contract
Quiz Content
*
not completed
.
If immediately following exchange of contracts the seller wishes to use the deposit payable by the buyer to pay off the seller's personal debts, the seller's solicitor must ensure that the contract provides for the deposit to be held in which of the following capacities?
By the seller's solicitor as stakeholder.
correct
incorrect
By the seller's solicitor as agent for the seller's estate agent.
correct
incorrect
By the seller's solicitor as agent for the buyer.
correct
incorrect
By the seller's solicitor as agent for the seller
correct
incorrect
*
not completed
.
You act for a building company who wishes to acquire several parcels of agricultural land with a view to developing an industrial estate. Different people own the parcels of land and a planning application for the proposed development has not yet been made. Which of the following types of contract would be the most suitable for your client?
Unconditional contracts
correct
incorrect
Conditional contracts
correct
incorrect
Auction contracts
correct
incorrect
Option contracts
correct
incorrect
*
not completed
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You act for a client who is selling his house known as 'Portree' and buying a new home called 'The White House'. The sale monies are being used to help fund the purchase price. Both properties have registered titles. Which of the following would you NOT normally include in the draft contract for Portree?
A reference to Portree's registered title number.
correct
incorrect
A special condition ensuring that on the day of completion the latest time for completion of the sale is earlier than the corresponding provision in the purchase contract.
correct
incorrect
That Portree is sold with vacant possession.
correct
incorrect
That the purchaser of Portree will be responsible for any Stamp Duty Land Tax that is properly payable
correct
incorrect
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