(a) effects of lodging a caveat, (b) challenging the caveat

Question 1 The cardinal principle of the Torrens system is the indefeasihility of those estates and interests which are registered under the Land Titles Act. The Act specifies the estates and interests which are registrahle. Those which are not registrable but are recognised under the general law can be protected under the machinery of caveats. Examine such caveatahle interests with references to local cases (if any). Demonstrate the following: (a) effects of lodging a caveat; and (80 marks) ([3) challenging the caveat. (20 marks)