Question
1.Read the following case study about recycled certificates and answer the questionsbelow. Elizabeth B, a conveyancer, was instructed to prepare a contract for the sale
1.Read the following case study about recycled certificates and answer the questionsbelow.
Elizabeth B, a conveyancer, was instructed to prepare a contract for the sale of a property within the same day, so she used information from the file created several years earlier when she was acting for the client in the original purchase of the property.The contract stated that the property was zoned residential. However when Elizabeth acted on the purchase she failed to carry out appropriate searches and the property was in fact zoned commercial.
In this current purchase when the purchases conveyancer conducted their searches, they discovered the problem and rescinded the contract.
question 1. Identify the areas of non-compliance with legal andregulatory requirements
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