NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF LAW
OCTOBER/NOVEMBER 2013 EXAMINATION

COURSE CODE: LAW522

COURSE TITLE: Conveyancing and Legal Drafting II

TIME ALLOWED: 3 HOURS

INSTRUCTION: ANSWER ANY FIVE (5) QUESTIONS. All questions carry 14 marks

1. Identify and discuss 10 legislations relevant to the study of conveyancing practice in Nigeria and examine their territorial jurisdiction. (14 MARKS)

2. (a) Distinguish between open and formal contract. (6 MARKS)

(b) State 5 special conditions and 4 void terms in contract of sale of land citing relevant authorities. (8 MARKS)

3.   (a) List and discuss 7bdocuments that constitute sound root of title. (8 MARKS)

(b) List and discuss 5 documents that constitute defective root of title.(6 MARKS)

4. (a) Distinguish certificate of occupancy from right of occupancy. (4 marks)

(b) Discuss 8 components of operative parts of  deed of assignment. (10 Marks)

      5. Give reasons why you may include the following in a deed of assignment

1. Testimonium (3 Marks)
2. Attestation (3 Marks)
3. Franking (3 Marks)
4. Indemnity clause (3 Marks)
5. The operative word(2 Marks)

       6. (a) Discuss the differences between registration of title and registration of instruments (8Marks)

           (b) Discuss 5 advantages of Registration of Title system (6 Marks)

       7. (a) Distinguish implied covenants from usual covenants and list 5 example of each (8 Marks)       

           (b) Examine the provision of section 67(1) of the Insurance Act as amended. (8 Marks)

      8. (a) Discuss the creation of legal mortgage under the Property and Conveyancing Act of  1959.  (8 Marks)

          (b) Discuss equitable mortgage and list 5 examples. (6 Marks)

     9.  (a) List and discuss 5 Mortgage institutions in Nigeria. (8 Marks)

          (b) Distinguish between Equity of Redemption and Equitable Right to Redeem. (6 Marks)