W4 (Exchange of Contracts)

Question 1

What undertakings does a seller’s solicitor give when using Law Society Formula B to exchange contracts?

(a) To send the seller’s part of the contract to the buyer’s solicitor on receipt of the buyer’s part of the contract.

(b) To discharge the seller’s mortgage.

(c) To send a client account cheque for the deposit to the buyer’s solicitor on that day.

(d) To send the seller’s part of the contract to the buyer’s solicitor on that day.

Answer 1

Answer (d)