When Rihanna went overseas she asked Kylie to mind her house.Kylie found Rihanna's Certificate of Title and transferred title in the land to her own name by forging Rihanna's signature.Kylie then sold the house to Leonardo who is now the registered proprietor.He paid market value and knew nothing about Kylie's fraud.Rihanna has returned and wants her house back.What is the most likely legal position?
A) Rihanna should regain her title because Kylie obtained it through fraud.Leonardo will have to take legal action against Kylie
B) Leonardo will remain the registered proprietor.Rihanna may be entitled to compensation form the Torrens Assurance fund in her state.
C) Leonardo will remain the registered proprietor.Rihanna's only chance of compensation is to take legal action against Kylie
D) Leonardo's name will be removed from the title while the Land Titles Office investigate and determines the rightful owner.
Correct Answer:
Verified
Q21: In Garcia v National Bank the High
Q22: Mortgages are contracts in which borrowers give
Q23: A person who has an equitable interest
Q24: The name of the title to land
Q25: The Torrens title system provides 'indefeasibility',which means
Q27: 'Indefeasibility of title' means that a person
Q28: A mortgagee who is exercising the power
Q29: The old system title to land relies
Q30: Which of the following statements is true
Q31: Mrs North,who had limited business experience,mortgaged her
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents