What Is the Position of Interests Arising Through Estoppel in Relation

question 25

Essay

What is the position of interests arising through estoppel in relation to unregistered land - when will such interests bind a purchaser?

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Definitions:

Perpetuity

A type of annuity that pays an infinite series of cash flows, continuing forever.

Constant Rate

A fixed, unchanging rate at which a specific quantity grows or decays over time.

Compounded Annually

The process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated once per year.

Compounded Monthly

A calculation method for interest where the interest earned is added to the principal at the end of each month, causing subsequent interest to be based on the increased balance.