How would the situation have been different if the house had been purchased as a business asset?

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April 11, 2020
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April 11, 2020

How would the situation have been different if the house had been purchased as a business asset?

Order Description OSCOLA referencing system should be used in all through. The work must be fully referenced and contain a bibliography. The word limit for this assignment is 3,000 words Answer the following Problem Question: Phil, Maria, Florence and Simon are political science students at Prince’s College. In 2014, they decided to purchase a house located near to the university to live in. All four of them contributed equally to the purchase price and the house was conveyed to them as beneficial joint tenants. At this time, Phil, Maria and Simon were 20 years old and Florence was 17 years old. Assessment Brief: Principles of Land Law 2016-17 Page 5 In January 2016, after a series of heated arguments Phil decided that he could no longer live with the rest of the group and sold his interest in the house to Maria. Shortly after that Simon told Maria and Florence that he would like to sell his interest in the house. Maria and Florence replied that they would be happy to buy Simon’s interest but that the price was too high. However, before any final agreement could reached as to the price, Simon was involved in a sky diving accident and was killed. Florence now wants the house to be sold, and wrote a letter to Maria informing her that she wants to sell the house. Maria wishes to remain living in the house, and hence threw the letter away after opening it. Florence comes to you for your professional opinion. In particular; she would like answers to the following three questions: First, she would like to know if she can force the sale of the house despite Maria’s objections. Second, if the sale can be arranged, she would like to know how the proceeds should be shared. Third, she mentions that the four of them originally considered forming a political marketing consultancy to operate from the house. How would the situation have been different if the house had been purchased as a business asset?

Order Description

OSCOLA referencing system should be used in all through.
The work must be fully referenced and contain a bibliography. The word limit for this assignment is 3,000 words

Answer the following Problem Question:

Phil, Maria, Florence and Simon are political science students at Prince’s College. In 2014, they decided to purchase a house located near to the university to live in. All four of them contributed equally to the purchase price and the house was conveyed to them as beneficial joint tenants. At this time, Phil, Maria and Simon were 20 years old and Florence was 17 years old.
Assessment Brief: Principles of Land Law 2016-17 Page 5 In January 2016, after a series of heated arguments Phil decided that he could no longer live with the rest of the group and sold his interest in the house to Maria. Shortly after that Simon told Maria and Florence that he would like to sell his interest in the house. Maria and Florence replied that they would be happy to buy Simon’s interest but that the price was too high. However, before any final agreement could reached as to the price, Simon was involved in a sky diving accident and was killed.
Florence now wants the house to be sold, and wrote a letter to Maria informing her that she wants to sell the house. Maria wishes to remain living in the house, and hence threw the letter away after opening it.
Florence comes to you for your professional opinion. In particular; she would like answers to the following three questions:
First, she would like to know if she can force the sale of the house despite Maria’s objections.
Second, if the sale can be arranged, she would like to know how the proceeds should be shared.
Third, she mentions that the four of them originally considered forming a political marketing consultancy to operate from the house. How would the situation have been different if the house had been purchased as a business asset?


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