Solicitor is obliged to return stake
Language: English Series: Independent ; 27 September 1991, 24(1)Publication details: 1991Subject(s): Summary: In "Rockeagle Ltd v Alsop Wilkinson", CA 3 July 1991, it was held that a solicitor, holding a deposit for the sale of land as stakeholder, does not acquire any contingent security for money owed by his client, whether vendor or purchaser. The solicitor is obliged to pay the deposit to a new stakeholder if the vendor and purchaser instruct him to do so.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB2738-56 (Browse shelf(Opens below)) | 1 | Available | 1883-1001 |
In "Rockeagle Ltd v Alsop Wilkinson", CA 3 July 1991, it was held that a solicitor, holding a deposit for the sale of land as stakeholder, does not acquire any contingent security for money owed by his client, whether vendor or purchaser. The solicitor is obliged to pay the deposit to a new stakeholder if the vendor and purchaser instruct him to do so.