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Is C of O a good root of title?
No; see S9, S34 LUA (deemed grant)
How many years back does vendor need to deduce title in a) CA states b) PCL states c) Lagos d) Abia?
CA states = 40 years, PCL = 30 yrs (S70(1) PCL), Lagos = 20 for state grant and 12yrs for family land, Abia = 30yrs
Who deduces title?
Vendor
Who prepares contract of sale?
Vendor's solicitor
When does vendor not need to deduce title?
When title is registered under RTL or LIMS
Who's duty is it to obtain Governor's consent?
Vendor's solicitor but in practice purchaser's solicitor pursues it
Contract of sale is chargeable to a _____ stamp duty while deed of assignment is chargeable to ________ stamp duty
Fixed stamp duty, ad valorem stamp duty
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