PLP Flashcards
1
Q
If a buyer does not intend to continue breaching a covenant the seller is in breach of, is it necessary to request that the seller’s soliciotr obtains an indemnity policy?
A
No because the past breach is not continuing. A solution is not ndeed unless the PWB has complained about the breach of claimed for loss.
2
Q
Does an epitome consist of copies or originals?
A
Copies
3
Q
When might a covenant which is sufficient for end use not be sufficient for a buyer?
A
If the lane is really small so construcion traffic will not be able to fit / the covenant only permits motorcars and not construction traffic
4
Q
As the buyer’s solicitor what will you and the lender’s solicitor do after exchange but before completion
A
- provide final form COT
- undertakings in relation to receiving the money
