Conduct Issues Flashcards
Which paragraph restricts acting for more than on party in a transaction?
Para 6.2
What is the FIRST thing a solicitor must do when acting for the buyer’s lender?
Draw up Mortgage Deed for signature by the Borrower
What is the SECOND thing a solicitor must do when acting for the buyer’s lender?
Report on the Title that all is in order
What is the THIRD thing a solicitor must do when acting for the buyer’s lender?
Obtain a clear Bankruptcy search against Borrower
Which SRA Principle talks about Conflict of Interest?
Principle 7
What is the main factor to take into account when deciding where there is a conflict of interest?
Complexity of matter and length of conveyancing chain involved
Which Paragraph of the SRA swears a Solicitor into Confidentiality?
Para 6.3
What is a Contract Race?
This is when a seller enters the conveyancing process with two or more prospective buyers at the same time
Which SRA Paragraph requires a solicitor to inform all buyers immediately of the seller’s intention to deal with more than one buyer
Para 1.2
Under which SRA Paragraph should a Solicitor not mislead others?
Para 1.4
Which SRA Principle forces a Solicitor to uphold the Rule of Law?
Principle 1
Which SRA Principle forces a Solicitor to act with Integrity?
Principle 5
