5. A purchases a house and registered it in his name. B, his wife, would like to know whether she is a co- owner of that house. Which of the following statements is accurate? A orally declared that B is entitled to some beneficial interest A declared in writing that B is entitled to some beneficial interest A and B are business partners who share the profits equally A told his mother that he intended to share the beneficial interest with B 6. With reference to $15 Trust of Land and Appointment of Trustees Act 1996, which of the following factors will NOT be taken into account in a dispute regarding the sale of a co-owned home? whether there were any children to provide for whether one of the co-owners owes the bank money whether one of the co-owners will be homeless whether the co-owners could still live in the house1. In relation to the creation of leases, which if the following statements is correct? All leases are legal as long as they are created in a deed nge A 2-year lease is always legal, however it was created A 10-year lease is legal if it was created in a deed d) A 10-year lease can be equitable even if it was created in a deed 2 A uses a document to expressly create an easement in favour of his neighbour, B. A then sells his land to C. In relation to whether C is bound by the easement, which of the following statements are correct? i. C is bound by the easement if the document was a deed I ii. C is bound by the easement if the document was a deed and B had registered it ill. C is bound by the easement if the document was a contract and B entered a notice Iv. C is bound by the easement if it is obvious on a reasonably careful inspection e i and if i and iv c) and ill Fil and iv 3. A, B, C. D, E, F and G are siblings who decided to purchase a house together. Which if the following statements is an accurate representation of how they co-own the house? a) They can all be registered as proprietors of the house if they are all at least 21 years of age Only A, B, C and D can be registered as proprietors of the house, if they are at least 18 years of age They are all beneficially entitled to the house, provided they all contribute to the purchase price dl G will not be entitled to any legal or beneficial interest in the house If he is below 18 years of age A, B, C. D and E purchase a house together. The legal title of the house was conveyed to A, B and C. They declare in writing that they hold the house on trust for themselves, as well as for D and E. How can the beneficial interest in the house be severed? i. A mortgages his share to a bank ii. A, B, C. D and E agree that A should sell his interest to B ill. A verbally informs B, C, D and E that he would like to sever his share A makes an offer to buy B's share, and B makes a counter offer i and li bj I and lv il and lil ili and iv