Arnold, Bill, Claudia, Dieter and Ewan are all bought a house together. They all contributed equally to the purchase price, and the house was conveyed to “Arnold and Bill as joint tenants in law and in equity”. Bill was made redundant a few months later and he forged Arnold’s signature to a mortgage made with Easy Loan Bank.
At the same time, Arnold agreed in writing to sell his interest in the property to Ewan and the agreement was executed. Meanwhile, Claudia had plans to marry and asked Dieter whether he would buy her share in the house. Dieter was keen but disputed the price. Before they came to an agreement, Claudia died, leaving all her property to her fiancé, Fred. Soon after, Ewan was involved in a city deal that went badly wrong and, owing millions, was made bankrupt. Before Ewan was finally adjudged bankrupt, Dieter committed suicide, leaving all his property to the Donkey Sanctuary.
Ewan’s trustee in bankruptcy, Fred, the Donkey Sanctuary, Bill and Dieter’s next of kin all claim an interest in the property.
What is your advice?
2006-11-05
01:37:35
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2 answers
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asked by
gabroo
1