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Bils - Paper 111

Bils - Paper 111

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Published by legallyindia
Past Bombay Solicitors papers by the Bombay Incorporate Law Society (BILS), via http://www.legallyindia.com
Past Bombay Solicitors papers by the Bombay Incorporate Law Society (BILS), via http://www.legallyindia.com

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Categories:Types, Business/Law
Published by: legallyindia on Oct 15, 2013
Copyright:Attribution Non-commercial


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MAY 2013TIME: 3 HOURS (1.00 P.M. TO 4.00 P.M.)(TOTAL MARKS -100)Notes: (a)Answer should be legible and precise.(b)Read the entire question carefully to reply.(c)Don’t repeat the question. Figures in bracket alongside the questions indicatethe marks for corresponding question.(d)Quote statute and sections in support of your answer.(e)If you reply on a case law/authority, cite it fully – not just the counterparties or year.1.Draft the following :-(25)
Substituted Power of Attorney.
Mutual Will.
Covenants to be given by Trustees under the Conveyance for sale of immoveable property.
Memorandum recording Equitable Mortgage.
XYZ was the owner of two plots A and B touching each other. Vide registeredIndenture of Conveyance dated 17
April 2013, XYZ sold Plot B to ABC. Inthe said Conveyance the following restrictive covenants were agreedbetween the parties for plot A :i)The height of structures to be built on plot A is to be restricted to 55 ft.,ii)The Owner of plot A will not consume FSI of more than 15000 sq. ft.on plot A, andiii)Not to build or construct anything upon the remaining vacant portion oplot A. Thereafter XYZ negotiated with ABC to get the above negativecovenants released from plot A. ABC has agreed to release thenegative covenants on plot A. XYZ has come to you for advice. Kindlydraft the appropriate document for XYZ for release of the abovenegative covenants on Plot A.2.Explain the following with examples (any four) (20)(a)Negative Covenant running with the land.(b)Execution of Unprivileged will(c)Legacy does not lapse if one of two joint legatees dies before the testator.(d)In what cases legacy lapses?(e)Difference between joint tenancy and tenancy in common.3. Answer the following. (15)(i)A is unwell and is desirous of selling his immoveable property toY. However A cannot attend the execution and registration of conveyance

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