Bsbcnv505 The Surrounding Fence Answers Assessment Answer

Answer:

11. The 6x3x1 m pool which is above the ground would be taken as a chattel. It would need to be considered additionally that the whether the pool is fixed to the ground or not. In case it is not fixed to the ground only then it would be a chattel and otherwise it would be a fixture. The surrounding fence would also be a chattel in case the pool is itself a chattel. Even if the pool is a fixture the fence would be a chattel
12. In situation where Keiko purchases the asset into a fee simple form being a life tenancy, he needs to have an agreement with all other beneficiaries who would be entitled to get the benefit from the property when Keiko dies. Without the agreement the purchases cannot be considered as valid.
13. There are various ways in which the rights of the purchaser may be affected by acceptance of title via s 27 and 32. In case there has been a careless , negligent or fraudulent supply of wrong information done by the vender, it would be considered as an offence under the operation of s 32 and 27 of the SoLA. The purchaser in this case can not only rescind the contact but also may recover any money which is deposited by him via s 27(8).
14. The answer is D, passes possession to the pledgee with a right to redeem the debt within a previously agreed upon period of time.
15. The term which asks Harry in this situation to pay 10% of additional construction costs in case it is more than the building budget would not be a valid term under the operation of s 32 of the SoLA
16. A person does not have the right to being an action under the Domestic Building Act in the Supreme Court, Magistrates Court, or County Court as via s 57 only the tribunal has the responsibility of addressing disputes
17. In case there is a carport built without a permit the vender does not have any obligation to disclose. This is because they have to disclose buildings which have a permit within the last seven years.
18. In case where there is an amount which needs to be paid in relation to the mortgage it is the duty of the vendor to disclose it under s 32 of SoLA.
19. The two exceptions which are present in relation to the general rule of purchasing and selling a property are as follows

• The parties must not have an unsound mind at the time the contract is formed
• The consent provided by the parties have to be a free consent which means that is should not have consent vitiating factors like coercion, misrepresentation and duress.

60. There is a simple distinction between a valid contract and a void contract. A void contract cannot be enforced in the court legally, where as a valid contract can be enforced.
61. In case a purchaser has delayed settlement the vender is likely to get penalty interest. However this would not be the case if the inconvenience is caused by the vender. Here no inconvenience is caused by the vender and thus a interest can be claimed. The legislation is SoLA.