Question
1. explain the effect of the following events on the ownership of each of the properties, using the 'Law' and 'Equity' boxes as per the
1. explain the effect of the following events on the ownership of each of the properties, using the 'Law' and 'Equity' boxes as per the lectures on this topic. Be prepared to share your work on this with your seminar group:
(a)A house was conveyed into the joint names of Fiona, George and Helen. Helen had provided half the purchase price and George and Fiona a quarter each. Fiona died last week. By her will she left all her property to George.
(b) A house was conveyed into the joint names of Ian, Jean and Keith. Keith had provided two thirds of the purchase price and Ian and Jean a sixth each. The conveyance stated that they were to take the property as joint tenants in law and in equity. Last year Keith died of cancer. Last month Ian and Jean were killed instantly in a car crash. Ian had left all his property by will to his sister. Jean, who was a month older than Ian, had left all her property by will to charity.
(c)A house was conveyed into the joint names of Leslie and Martin. The conveyance stated that they were to take the property as joint tenants in law and equity. Last month Martin killed Leslie when he was threatening her with a knife in the course of a drunken argument and slipped on the kitchen floor. He was convicted of manslaughter.
(d) A house was conveyed for 200,000 to Narcissus and Octavius"as legal and beneficial joint owners". Narcissus paid 150,000 towards the price and Octavius the rest. Later they quarrelled and separated. Narcissus'solicitors prepared a letter to Octavius demanding that the house be sold and 75% of the proceeds paid to her. They also prepared papers for an application to court for a declaration that Narcissus held a 75% undivided share in the house. A week ago, Narcissus went to their office and signed the letter and the papers.Yesterday she was knocked down by a bus and killed.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started