GENERAL TESTS

Question 1

List the benefits of a contract of sale of land

Answer 1

1. Transfers equitable interest to the purchaser
2. Protects the agreement in the event of death of the vendor
3. Include chattels etc. so less stamp duties
4. More time to investigate the title to the land
5. Vendor liable for withdrawal
6. Terms of agreement are clearer

Question 2

What does the case of Ogunleye v Oni?

Answer 2

Certificate of Occupancy is not good title except where it is in relation to state land (Osho v Foreign Finance)

Question 3

What is the procedure for recovery of professional fees?

Answer 3

1. Issue a bill of charges with full particulars
2. If ignored then issue a letter of demand
3. After 1 month, can file an action in court
   Section 16 Legal Practitioners Act; Oyekanmi v NEPA

Question 4

What is the order of disbursement?`

Answer 4

1. Prior encumbrances
2. Costs, charges in relation to selling the land
3. Payment of mortgage sum
4. Balance returned to mortgagor