Q1:
ground on the assemblage discussion, the group decided that the election agreement for the sale of the estate in land, was valid contract.
Based of the following conclusion:
Firstly, under s.2 (1) of the Law of Property (miscellaneous provisions) bout 1989 requires A contract for the sale or former(a) inclination of an orbit of an interest in land can only be made in writing. From the facts given in the case, it is get ahead that the natural selection is written.
Secondly, under s.2 (1) of the Act, all the basis which the parties have expressly agreed in one(a) document. The terms in this option were expressly affirmed by both parties in one document, such as exercising the option on a certain date, time and the method for exercising the option.
Based on the statement above, s.2 (1) of the Act has been complied.
Thirdly, under s.2 (1) of the Act The document incorporating the terms or, where contracts are exchanged, one of the documents incorporating them (but non necessarily the same one) must be signed by or on behalf of severally party to the contract. Both parties signed the option agreement, which complied with s.2 (3) of the Act.
The group conclude that this is a valid contract for sale of land.
Both parties had the end to create a contract of sale or other disposition of an interest in land, therefore, the purchaser is bound to release the contract once he has formd the option.
Furthermore, the vendor is bound to share the land only to the person who is identified on the option.
The group considered the notice exercised by the purchaser as a fountain to complete the sales agreement (the option). The group did not tactile sensation it to be a separate contract for sale of land. It does not comply with s.2 of the Act, which requires both parties ghosts.
Furthermore, the vendors counter signature can add no further effect to the agreement, because the exercise of the option by the defendant is a unilateral act, which does not require the other partys...If you want to get a full essay, order it on our website: Orderessay
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