LPL4804 Assignment 2 (DETAILED ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED

LPL4804 Assignment 2 (DETAILED ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ,...Question 1 Not yet answered Marked out of 2.00 Question 2 Not yet answered Marked out of 2.00 Question 3 Not yet answered Marked out of 2.00 QUIZ The regulatory prescribed time limit for the processing of a deed through the deeds registry is ... 1. 7 to 9 working days 2. 5 to 6 working days 3. 11 to 13 working days 4. 5 to 10 working days A landowner of two contiguous pieces of land, registered in the same deeds registry and administrative wants to merge thetwo pieces of land into one (large) piece of land. The landowner may apply in terms of the Deeds Act 47 of 1937 for acertificate of . . . 1. registered title of aggregate shares in terms of section 35 2. registered title of one or more properties held under one deed in terms of section 36. 3. consolidated title in terms of section 40 4. of title of a portion in terms section 43. The legal e xception non causa debit i (the debt has no cause) must be waived in mortgage bonds where the bond does notsecure a monetary loan. True False Question 4 Not yet answered Marked out of 2.00 Question 5 Not yet answered Marked out of 2.00 Question 6 Not yet answered Marked out of 2.00 Question 7 Not yet answered Marked out of 2.00 Under which of the following circumstances is it necessary to effect a transfer by endorsement in terms of section 58 (2) ofthe Deeds Registries Act 47 of 1937? 1. when the court orders that property acquired by the insolvent during his/her insolvency vests in the insolvent 2. when the court orders rehabilitation of the insolvent following a compromise agreement with creditors 3. when an automatic rehabilitation of the insolvent occurs after 10 years 4. when a company is placed under business rescue prior insolvecy. A transfer by endorsement in terms of section 24bis (2) of the Deeds Registries Act 47 of 1937 can be used where land or areal right in land is registered in the name of a firm or partnership and the land devolves on... 1. one of the partners in term of a takeover/sale agreement with the other partners while partnership continues 2. one of the partners in terms of takeover/sale agreement with the other partners after dissolution of the partnershipby agreement. 3. two surviving partners after the dissolution of the partnership by the death of the third partner 4. two of the partners and the deceased estate of the third partner, after dissolution of the third partner. where a mortgage bond is ceded out and out... 1. the cessionary becomes the new bondholder/creditor 2. the mortgagor/debtor is released from the debt and substituted by the cessionary. 3. the mortgagor bond is effectively cancelled since the mortgagee becomes holder of all rights in the property,including the real security rights. 4. none of the given options applies. The ranking clause can be found in a standard (form E) deed of transfer? True False Question 8 Not yet answered Marked out of 2.00 Question 9 Not yet answered Marked out of 2.00 Question 10 Not yet answered Marked out of 2.00 A bond over movable property may be executed/signed by the mortgagor or before . . . 1. a conveyancer 2. a notary 3. an attorney 4. the Registrar of Deeds. The preparation certificate on a mortgage bond may be validly signed by . . . 1. a notary 2. a conveyancer or certain state officials 3. an attorney 4. a notary or attorney provided it is countersigned by a conveyancer The South African deeds registration system is ... 1. a negative registration system. 2. a positive registration system. 3. nominally negative with some positive characters 4. nominally positive with some negative characters