Someone Who Has an Overriding Interest Is Able to Waive

question 6

Multiple Choice

Someone who has an overriding interest is able to waive the priority of that interest over a purchaser by consenting to the sale or mortgage of the land. Which case tells us that sometimes this consent can be implied?

• A) Lloyds Bank v. Rossett
• B) City of London Building Society v. Flegg
• C) Halifax v. Popeck
• D) Paddington Building Society v. Mendelson

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Definitions:

Ranked Preferences

A method of ordering alternatives based on their level of desirability or utility to an individual or group.

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Economic Analysis

The systematic approach for comparing the costs and benefits of different courses of action in terms of their impact on the economy.