Question: Question 4 {15 marks] Peter married Jane and they decide to buy a at for themselves. They approach Slimy who is a well-known housing agent.
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Question 4 {15 marks] Peter married Jane and they decide to buy a at for themselves. They approach Slimy who is a well-known housing agent. They tell Slimy that their preference is for a at and how much they are prepared to pay for it. Slimy is later approached by John. who is Peter*s father. John tells Slimy that if he manages to get a house for his son and daughter-in-law near to where he is currently residing in Woodlands, he will giye Slimy $5000 on top of the commission that Slimy will earn from his son Peter. John also tells Slimy to keep silent on this matter. Slimy eventually manages to secure a house in Woodlands, which is quite near to John*s house. After the transaction has settled. Peter nds out that Slimy has received $5000 from his father. Advice Peter as to his legal rights against his agent. Slimy. On another point, when Peter was about the purchase the at. he came across a legal documents that inquired the following. Explain to him what these terms mean in relation to property law: a} Difference between leasehold and freehold land {1' Marks} b} Difference between tenancy in common and joint tenancy {3 Marks}
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