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Property Law The Scots law of heritable property is complex and has been formed over
centuries by a mix of common law, precedent and legislation. It is largely
bound up with questions of conveyancing and what follows is a very brief
summation. Constitution of Contract Contracts for the sale and purchase of land by private bargain may be in the form of an agreement executed by both parties but much more frequently are concluded by missive letters between the parties or their solicitors. Such contracts are obligationes literis and, in order to be enforceable, must be created not only in writing but in writing which is probative or holograph or adopted as holograph. Contracts by Agents Missives for the purchase and sale of land in Scotland are frequently entered in to by solicitors or other agents. Consensus The acceptance must meet the offer – there must be consensus in idem before the contract is binding. Qualifications on new conditions in an acceptance constitute a counter offer which requires acceptance by the original offer before the bargain is complete. The normal practice in Scotland is for there to be a detailed offer, a detailed qualified acceptance and thereafter two or three further letters passing between the parties' solicitors before a contract is formally concluded and binding. Negotiations and Sales by Private Bargain – Practice The procedure in negotiating a sale of heritable property
by private bargain depends upon the circumstances of the particular transaction
and involves professional and commercial judgement. There can be few
absolute rules. |
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