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Home 2025 › Forums › Patrick Cannon › Does section 45 FA 2003 require there to be two contracts? › Reply To: Does section 45 FA 2003 require there to be two contracts?

17th June 2011 at 9:19 am #576
Patrick
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Yes it does. To state the obvious it would be prudent to ensure that the flow of funds through the solicitor’s accounts reflects the payment from C to B and then from B to A ie separate accounts and avoid C paying A direct to preserve the integrity of the sale of whole from A to B and observe the accounts rules.