Part 1: Short Questions 25 marks] 1. A purchaser of a property should lodge a caveat against the property as soon as the Option to Purchase is exercised. State whether you agree with this statement and giye your reasons. [4 marks] 2{a]. Julia and Jerome own a property as joint tenants. Julia believes that her share of the property will go to her mother if she dies before Jerome. Is this belief true or false? lGiye your reasons. [5 marks] 2H1]. 1Illii'hat can Julia do if she wants to ensure that her mother gets a share of the property afterJulia dies? [5 marks] 3. Ben fails to make one monthly payment to United Land Bank for the housing loan secured by a legal mortgage over his property. If it is now only 2 days after his default in payment, state whether United Land Bank can do the following and giye your reasons: {a] Exercise their power of sale with immediate effect. [? marks] {b} Enter into possession with immediate effect. [4 marks]