Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2008, Mickey, the registered proprietor of a two-storey shop house, contracted to grant a 10-year lease of the ground floor to Donald to run

In 2008, Mickey, the registered proprietor of a two-storey shop house, contracted to grant a 10-year lease of the ground floor to Donald to run an Indian cuisine restaurant business. Even though the contract required Mickey to execute a lease instrument for the purpose of registering a lease, the parties delayed over the matter. Meanwhile Donald entered and took possession of the premises. Last year, Mickey contracted to sell the whole shop house to Pluto. As Mickey did not engage the service of a lawyer, they (Mickey and Pluto) decided to appoint Pluto's solicitor as the stakeholder in the transaction. Pluto paid the full purchase price to the solicitor. The transfer was registered. Most unfortunate for them, the solicitor absconded with the purchase money and could not be traced.

Required 

Who, in between Mickey and Pluto, has to bear the loss caused by the misdeed of the solicitor?

Step by Step Solution

3.40 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

Solution The loss caused by the misdeed of the solicitor should be borne by Pluto As Pluto paid the ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Law questions

Question

Date the application was sent

Answered: 1 week ago

Question

6. Which types of memory are least impaired in people with amnesia?

Answered: 1 week ago