Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MR LEE SIGNED A CONTRACT OF SALE TO PURCHASE LAND.IN ZAMBIA THE SELLER PAYS PROPERTY TRANSFER TAX. After making the initial payment Mr. Lee did

MR LEE SIGNED A CONTRACT OF SALE TO PURCHASE LAND.IN ZAMBIA THE SELLER PAYS PROPERTY TRANSFER TAX. After making the initial payment Mr. Lee did not pay the balance payment because the seller underpaid property transfer tax. Mr. Lee wants to protect himself from any future risks that may arise due to the aforementioned situation. He has requested his lawyers to prepare a document that will reduce the risk to zero. 

As Mr. Lee's lawyers what kind of document would you prepare and what would you include.

Step by Step Solution

3.52 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

As Mr Lees lawyers you should prepare a legally binding document known as an Addendum to the Contract of Sale or a Property Transfer Tax Clarification ... 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

Step: 3

blur-text-image

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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these General Management questions