Question
Adam and Bonny are co-owners of a farm. Their co-ownership is that of 'free co-ownership'. Adam wishes to burden the farm with a mortgage. Would
Adam and Bonny are co-owners of a farm. Their co-ownership is that of 'free co-ownership'. Adam wishes to burden the farm with a mortgage. Would Bonny have to consent to the registration of such a mortgage? Refer to case law. What would the position be if Adam wishes to mortgage his undivided share in the property? Refer to case law. [10 marks]
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Business Law and the Legal Environment
Authors: Susan S. Samuelson, Jeffrey F. Beatty
7th edition
1285860381, 978-1305445864, 1305445864, 978-0357689646, 978-1285860381
