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QUESTION FIVE Lee owns a four-bedroom house in Northland, Wellington. One day, moving trucks show up at her door, wanting to deliver furniture. Lee talks
QUESTION FIVE Lee owns a four-bedroom house in Northland, Wellington. One day, moving trucks show up at her door, wanting to deliver furniture. Lee talks to the truck drivers, who tell them that Jane hired them to move in her things. Lee immediately calls up her lawyer, who looks up the Land Registry. The lawyer discovers that there is a Memorandum of Transfer (MoT) transferring Lee's property to Rebekah. There is a further MoT representing the sale of the property from Rebekah to Jane. Rebekah sold Jane the property for 70% of its market value. Jane is now registered as the owner of the property. Lee is shown photographs of Jane and Rebekah, whom she then recalls from an incident from a few months back. Lee had found Jane and Rebekah on her property. When she questioned what they were doing, they told Lee that they were admiring her View of Wellington Harbour. They left promptly when Lee advised them that they were on private property. Reguired: Analyse this scenario and determine who the rightful owner of the property is. QUESTION SIX Name and explain two reasons why intellectual property (in general) is increasingly important for businesses
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