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Question 4 (15 marks) Peter married Jane and they decide to buy a at for themselves. They approach Siimy who is a well-known housing agent.
Question 4 (15 marks) Peter married Jane and they decide to buy a at for themselves. They approach Siimy who is a well-known housing agent. They tell Slimy that their preference is for a fiat and how much they are prepared to pay for it. Slimy is later approached by John, who is Peter's father. John tells Slimy that if he manages to get a house for his son and daughter-in-law near to where he is currently residing in Woodlands, he will give Slimy $5000 on top of the commission that Slimy will earn from his son Peter. John also tells Slimy to keep silent on this matter. Slimy eventually manages to secure a house in Woodlands, which is quite near to John's house. After the transaction has settled. Peter nds out that Slimy has received $5000 from his father. Advice Peter as to his legal rights against his agent, Slimy. On another point, when Peter was about the purchase the at, he came across a legal documents that inquired the foiiowing. Explain to him what these terms mean in relation to property law: a) Difference between leasehold and freehold land (7 Marks) b) Difference between tenancy in common and joint tenancy (8 Marks)
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