Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions

Question

how might building a dam effect invoronmental issues

Answered: 1 week ago

Question

How easy the information is to remember

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago