Play by the rules
Series: Estates Gazette ; (0041) 14 October 2000, 206(1)Publication details: 2000Subject(s): Summary: Looks at the professional rule that applies when a seller instructs a solicitor to deal simultaneously with two or more prospective buyers. The requirements are contained in Solicitors' Practice Rules 1990 rule 6A. This requires solicitors to inform all prospective buyers of the number of contracts that have been issued. There is no obligation to reveal the terms that have been negotiated, but the seller should clarify whether there is a genuine 'contract race'. Discusses the principles that underlie rule 6A , the requirements of the rule and ways a determined seller may try to circumvent it.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63070 (Browse shelf(Opens below)) | 1 | Available | 108963-1001 | |
| Journal article | London Journal article | ABS63070 (Browse shelf(Opens below)) | 2 | Available | 108963-1002 |
Looks at the professional rule that applies when a seller instructs a solicitor to deal simultaneously with two or more prospective buyers. The requirements are contained in Solicitors' Practice Rules 1990 rule 6A. This requires solicitors to inform all prospective buyers of the number of contracts that have been issued. There is no obligation to reveal the terms that have been negotiated, but the seller should clarify whether there is a genuine 'contract race'. Discusses the principles that underlie rule 6A , the requirements of the rule and ways a determined seller may try to circumvent it.