LPC Real Estate 1
- Created by: James80pk
- Created on: 07-03-18 16:04
Other questions in this quiz
2. What does 'time is not of the essence' mean in relation to the status of the completion date?
- The stipulation as to time merely has the status of a contractual warrenty and not a condition, and the delay would not itself entitle the guilty party to withdraw from the contract at that stage
- The stipulation as to time merely has the status of a contractual warrenty and not a condition, but the delay would entitle the innocent party to withdraw from the contract at that stage
- The stipulation as to time merely has the status of a contractual warrenty and not a condition, and the delay would not itself entitle the innocent party to withdraw from the contract at that stage
- The stipulation as to time merely has the status of a condition, and the delay would entitle the innocent party to withdraw from the contract at that stage
3. Who signs the Stamp Duty Land Tax Form?
- Buyer
- Buyer's solicitor
- Seller
- Seller's solicitor
4. What must happen under Formula B if either part of the contract has been amended since it was originally prepared?
- The solicitor who holds the part contract with the amendments must disclose them, so that it can be confirmed that the other part is not amended
- The solicitor who holds the part contract without the amendments must disclose them, so that it can be confirmed that the other part is similarly amended
- The solicitor who holds the part contract with the amendments must disclose them, so that it can be confirmed that the other part is similarly amended
- The solicitor who holds the part contract with the amendments must not disclose them
5. What Form is submitted for each SDLT transaction?
- Form AP1
- Form DR1
- Form SDLT1
- Form TR1
Comments
No comments have yet been made