Question
Purchaser's Protection refer to s 52A(3) Conveyancing Act 1919 (NSW) The purchaser need not make separate enquiries of the authorities responsible for the issue of
Purchaser's Protection refer to s 52A(3) Conveyancing Act 1919 (NSW)
The purchaser need not make separate enquiries of the authorities responsible for the issue of the certificates attached to the contract of sale prior to exchange of contracts or expiry of the cooling off period. Under s 52A(3) of theprotection is provided for purchasers and mortgagees.
Consider the following question:
Write out a list of the prerequisites for the operation of the above section. Would the purchaser have any recourse against the authors of documents such as surveys or building inspections attached to the contract if the information in them turned out to be incorrect? If not, why not?
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