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what is the law of jurisdiction for this question? Robert borrows $50,000 from his sister, Ariel. He assures her he will be able to repay
what is the law of jurisdiction for this question? Robert borrows $50,000 from his sister, Ariel. He assures her he will be able to repay the money in a year. He offers her his investment unit as security for the loan. They draw up a formal agreement and sign it, but do not consult a solicitor. In nine months, Robert realises that he is not going to be able to repay the loan and so he transfers his investment apartment to his girlfriend, Felicia, for $1. She becomes the registered proprietor. Felicia has no idea about the loan to Ariel and thinks that Robert just loves her a lot. Over a year has passed and Ariel wants to be repaid. As Robert does not have the money, she wants the apartment to be sold. Will she be able to force Felicia to sell? Would your answer change if Felicia knew why Robert was giving her the apartment? What if Felicia then transferred the apartment to her mother, who knows nothing of the loan
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