LPL4804 Assignment 2 (QUALITY ANSWERS) Semester 2 2023

This document contains workings, explanations and solutions to the LPL4804 Assignment 2 (QUALITY ANSWERS) Semester 2 2023. For assistance call or us on ..... Question 1. Peruse the preparation certificates below and in each instance advise whether it complies with the Deeds Registries Act 47 of 1937 and regulations issued thereunder or not. Then provide reasons for your decision. You may ignore the recently imposed requirement for the inclusion of Legal Practice Council. 1.1. [3] 1.2. [3] Countersigned by me Prepared by me R.S Soap S. Motjopi Conveyancer Notary public Rose Suzzane Soap. Shadi Motjopi POWER OF ATTORNEY TO MORTGAGE. Countersigned by me Prepared by me R.S Soap S. Motjopi State Attorney Attorney. Rose Suzzane Soap. Shadi Motjopi SECTION 4 (1)(b) RECTIFICATION APPLICATION. 2 1.3. 1.3. Question 3. [4] Question 2. 2.1. Where X purchases a Sectional title unit, but since X does not have enough cash to pay the purchase price X borrows the balance of the purchase price from Y. Simultaneously with the transfer into his name, X mortgages the sectional title property (an apartment in a complex) in favour of Y to secure the loan .Analyse and explain the types of mortgage bond/s that will be registered. [4] 2.2. X is now indebted to Y who is not satisfied with X’s ability to repay the debt or the sectional title unit as security and demands an additional security. Z (a relative of X) is prepared to sign a suretyship to secure X’s debt to Y. Analyse and explain the types of mortgage bond/s that may be necessary. [6]