Equity's Darling Flashcards
1
Q
Buyer must be
A
- Bona fide
- a purchaser
- of the legal estate
- for value
- without notice
2
Q
Bona fide
A
Acting in good faith, not fraudulent
3
Q
A purchaser
A
receives property other than by operation of law (ie not via intestacy or bankruptcy)
4
Q
For value
A
Must have given consideration
5
Q
Notice can be
A
actual
imputed
constructive
6
Q
Actual notice
A
s.198 LPA
7
Q
Imputed notice
A
solicitor/agent had actual/constructive knowledge
8
Q
Constructive notice
A
Would have come to notice if such inquiries/inspections had been made as ought reasonably to have been made
s. 199(1) LPA
9
Q
Presence would have been apparent from inspection
A
Kingsnorth Finance v Tizard
