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Domestic arrangement or rebuttal followup

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Domestic arrangement or rebuttal followup

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • January 15, 2018 at 6:42 pm #430208
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir I meant to ask that in property transfer matters between parents and children, would this be a domestic and social relationship OR would it be a business and commercial arrangement?
    Here would the intention be of legal relation?

    January 15, 2018 at 6:47 pm #430211
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    It would be a rebuttable presumption that there was no intention to create legal relations in a family / domestic situation

    But either side may seek to establish that there really WAS intention to create legal relations by, for example, one side showing that they had taken active steps to arrange the finance to acquire the property

    OK?

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  • The topic ‘Domestic arrangement or rebuttal followup’ is closed to new replies.

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