QUESTION FOUR Your client bought a house. which has been bonded by First Republican Bank. You get a telephone call from your client two months after your client has taken transfer of the house. Your client tells you that he has just received a summons from the local authority for outstanding rates and taxes for R25 000. Your client tells you that these rates and taxes were incurred by the seller. However, the local authority is now suing your client. Your client says that he no longer wants the property and that First Republican Bank's valuer should have told him (your client) that there were outstanding rates and taxes. Advise your client accordingly. [10]