- 20 Marks
LRTB – APRIL 2024 – L2 – QB4 – Differentiating Land Interests and Systems as Banking Security
Differentiate pairs of terms related to land and buildings as security for banking advances, including interests, customary tenancies, co-ownership, and mortgages.
Question
Differentiate between the following pairs of terms relating to Land and Buildings as Security for Banker’s Advances:
a. Freehold Interest and a Leasehold Interest in Land (5 Marks)
b. Abusa and Abunu Systems under Customary Tenancy in Land (5 Marks)
c. Joint Tenancy and Tenancy in Common under Co-Ownership of Land (5 Marks)
d. A Second Mortgage and a Sub-Mortgage of Land and Buildings (5 Marks)
[Total $= 20$ Marks]
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