2. Legal Framework - Section E - F Flashcards
When is land registration compulsory?
When land is sold
Where can land rights be registered?
Land Charges Registry - England/Wales
General register of sasines - Scotland
Registry of Deeds - NI
When is land registration significant/useful?
When a purchaser’s solicitor carries out searches as part of the investigation of title process
What is subject to contract?
Qualified offers which do not become binding contracts until the exchange of contracts.
When is a contract legally binding in scotland?
When the offer is accepted
What is consideration?
Something in a contract which both parties gain or forego value from. Not required in Scottish law
What is capacity to contract?
Some individuals have limited capacity to contract, such as minors. Also a companies power to contract may be set out in their Articles of Association, which is a legally binding document.
What is considered intention to enter into a legal relationship?
Obvious from both circumstances and from both parties behaviour
What is legality of object?
Contracts with an illegal or immoral purpose cannot be enforced and neither party could be sued for breaching it
What must the terms of a contract be?
Clear, certain and free from doubt
What is misrepresentation, duress and undue influence?
The right to void a contract is facts are misrepresented. Duress is coercion into a contract and undue influence is where one party has too much influence over the other.
What is the law of Agency?
Where someone (an agent) can act on behalf of another (the principal) if the laws are met.
What is the purpose of consumer law?
To work alongside contract law to increase consumer rights
What 3 things are required by the Sale of Goods Act
Good must be:
Satisfactory quality
As described
Fit for purpose
What 3 things does the Supply of Goods and Services Act outline?
Goods & services should be provided to a reasonable standard, at a reasonable price and within reasonable time