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Successor

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Successor

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 2, 2017 at 6:12 pm #419778
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir I asked you a question on 19 Nov which was:

    R’s wife K expressed the wish that R, if he survived her, should have the use of her house. After K’s death her executor agreed to allow R to occupy the house a) because of K’s wishes and b) on the payment by R of $24 per year

    R seeks to enforce this agreement and the Executor wishes to avoid it in order to sell the house. What is the legal position?

    a) R can enforce the agreement on the basis of his deceased wife’s wishes
    b) R cannot enforce the agreement because the promise to pay is not consideration
    c) R can enforce the agreement because the promise of $24 per year provides consideration for it
    d) R cannot enforce the agreement because the promise of $24 per year is not sufficient consideration.

    1)Sir as we know the contract rights of 3rd party act, so here R can enforce the agreement in his capacity as successor?
    2) Why they use word “agreement” here, word “contract” should be used na?

    December 2, 2017 at 6:55 pm #419791
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    a) no

    b) it is

    c) c yes

    d) it is

    1) yes

    2) a contract, by definition, is an agreement …….

    OK?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Successor’ is closed to new replies.

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