Transfers Of Property Flashcards

1
Q

Types of property

A

Real property
Personal property
- choses in possession (chattels and other tangible property)
- chooses in action (intangible)

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2
Q

Methods of transferring

A

Sale
Gift inter vivos
Will or intestacy

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3
Q

Transfer of land by sale

A

Must comply with s2 Law or Property (Miscellaneous Provisions) Act 1989

Must be by deed (s52 Law of Property act 1925)

Formalities - s1 law of property (misc) act 1989

Only effective once registered (s27 land registration act 2002)

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4
Q

Transfer of land by gift inter vivos

A

Deed - s52 law of property act 1925

Only effective once registered

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5
Q

Transfer of land by will

A

Will - s9 wills act 1837

Absence of will - administration of estates act 1925

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6
Q

Transfer of chose in possession by sale

A

Contract

Offer, acceptance, consideration and intention

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7
Q

Transfer of chose in possession by gift inter vivos

A

Deed of gift (s1 law of property (misc) act 1989

Or

Delivery,
Intention to give,
Absence of rejection

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8
Q

What are legally recognise forms of delivery?

A

Actual (re cole)

Symbolic (lock v Heath)

Constructive (rawlinson v mort, Thomas v times book)

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9
Q

Transfer of chose in possession by will

A

Will - s9 wills act 1837

Absence of will - administration of estates act 1925

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10
Q

Transfer of chose in action by sale

A

Special rules apply

Debts - s136 law of property act 1925
Shares - stock transfer form or CREST system

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11
Q

Transfer of chose in action by gift

A

Special rules apply (same as sale)

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12
Q

Transfer of chose in action by will

A

Will - s9 wills act 1837

Absence of will - administration of estates act 1925

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13
Q

Exceptions to equity rules

A

Strong v bird
Donatio mortis causa
Re rose, Pennington v Waine, Curtis v pulbrook

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14
Q

Principle in strong v bird

A

Where a person intends to make a lifetime gift and appoints the donee as their executor, then, even though the gift was not completed during the lifetime of the donor, the gift becomes complete on death

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15
Q

Conditions of strong v bird

A

1 intention must be to make an immediate inter vivos gift

2 no conduct inconsistent with continuing intention to benefit the donee

3 Can apply to land (re james)

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16
Q

Donatio mortis causa

A

Transfer of property in contemplation of death

17
Q

Conditions of DMC

A

1 the gift must have been made in contemplation of death

2 the donor must part with dominion over the property

3 the gift must have been made conditional on death and must be revocable if the person to make the gift recovers