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Question 4 - UWI Real Property Exam December 2018 question 3: Quark sold and conveyed Villa Voyager to Riker for the purchase price of $300,000

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Question 4 - UWI Real Property Exam December 2018 question 3: Quark sold and conveyed Villa Voyager to Riker for the purchase price of $300,000 for years ago. The following matters have now come to light; seven years ago, Kwok entered into a written contract to rent an apartment in Villa Voyager so his niece seven at the annual rent of $18,000. No steps were taken to have the least formally drawn up and executed but seven entered into possession on the written contract. Riker knew that Seven was Quarks niece and not knowing anything about the lease, assume that seven was quarks guest. ) Villa voyager was originally the property of Pikard who had sold it to Quark for the sum of of $250,000. 10 years ago. Quark paid only $25,000 of the purchase price for Villa Voyager, but the receipt clause in the conveyance duly executed by the Picard acknowledged the full purchase price has been paid. Quark did not pay the balance. Picard is now threatening to have Villa Voyager sold. Advise Riker. Addition: (c) Would your advice at (a) and (b) above be any different if the land was in Guyana

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