Question
William has come to me and has asked you to prepare documents for the auction of his property, which will take place in six weeks.
William has come to me and has asked you to prepare documents for the auction of his property, which will take place in six weeks. Usually that would give me sufficient time to complete all necessary preliminary work.
William then tells you that there is a possibility that the agent might have an overseas buyer and there is a possibility of a quick sale in the next 24 hours.
a) Prepare a letter of advice to William with respect to the second scenario.
b) How would you protect yourself, as a conveyancer, from any later accusation by William that you did not properly prepare sale documents and thereby enabled the overseas purchaser to avoid settling the purchase?
In the initial fact situation, William goes on to tell you that there is a fifty per cent chance that he might have to go overseas for three months, two days before the auction, but will not know until shortly before he has to leave.
c) What strategy or strategies would you advise William to put into place to deal with this possible contingency?
You also know that you have planned an overseas holiday and will be away from your office for three weeks. William's auction will be taking place during this time. You are a sole practitioner.
d) What strategy will you put in place to ensure that any issues arising during your absence can be dealt with professionally?
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