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Contracts ConveyancingSAMEDIUM

Under SA law, which of the following is NOT required to be disclosed in a Form 1 vendor statement?

Correct Answer

C) The vendor's original purchase price

Form 1 requires disclosure of encumbrances, zoning, government notices, and other prescribed matters. The vendor's original purchase price is not a required disclosure item.

Answer Options
A
Encumbrances registered on the title
B
Details of any current zoning affecting the property
C
The vendor's original purchase price
D
Details of any notices or orders from government authorities

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Related Topics & Key Terms

Key Terms:

Form 1vendor disclosureLand and Business Act 1994
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