3. A is tenant of lands for the unexpired residue, amounting to nine months, of a term of five years, granted by B by deed. B, by parol, makes a further lease of the land to A for two years, reserving a rent, which is the full annual value of the land, to commence on the expiration of the previous term.

(a) Does A take any estate or interest under the parol lease?

(b) If so, what is the proper legal description of it at the time the parol lease is made?

Give the reasons for your answer.

4. A dies seised of lands, having duly made his will, by which he appointed B, C, D, and E his executors, but which contains no devise of the lands. B has died in the testator's lifetime. Probate of the will is granted to C and D, leave being reserved to E to come in and prove. dies, having duly made his will, by which he appointed F his executor, who obtains probate; afterwards D dies intestate, the lands of A being not then fully administered.

C

(a) In whom is the legal estate of the unadministered lands of A vested?

(b) What steps will be necessary in order to make a good title to the unadministered lands of A? Give the reasons for your answer.

5. How may a lease of land, made under the Transfer of Land Statute, be surrendered and determined by act of the parties?

6. The estate of A, the registered proprietor of land

under the provisions of the Transfer of Land Statute, is sequestrated for the benefit of his creditors. A's trustee in insolvency does not lodge a caveat or take any other step with regard to the land; in the meantime À sells and transfers the land to B, who presents his transfer at the Titles Office for registration.

(a) Is B entitled to have his transfer registered? (b) If B's transfer is registered, what is the effect? Give the reasons for your answer.

7. A obtains from B an advance of £500, to be secured with interest by bill of sale of A's stock in trade. The security is given by two deeds, one purporting to be an absolute assignment of the stock in trade from A to B, in consideration of the sum of £500, and the other containing a defeasance upon payment by A to B of the sum of £500 and interest. The former deed is duly registered under the law relating to bills of sale. Six months afterwards A's estate is sequestrated for the benefit of his creditors. A is then still in possession of the stock in trade. Who is entitled to the stock in trade? Give the reasons for your answer.

8. A, the keeper of a bonded warehouse, sells goods stored in his own warehouse to B, on credit, and delivers to him certificates in the usual form. B sells part of the goods to C, and endorses and delivers to him the certificates representing the goods so sold. Afterwards B's estate is sequestrated for the benefit of his creditors. All the goods are still in A's warehouse. B has not

paid A for the goods. What are the rights of the parties

(a) To the goods represented by the certificates endorsed and delivered to C?

(b) To the goods represented by the certificates retained by B?

9. What are the requisites for the execution of a valid will?

10. Explain and illustrate the distinction between an estate in reversion and an estate in remainder.

11. A married woman, not entitled to any separate property, borrows £50 of A. Subsequently she acquires separate property, consisting of a deposit in a savings bank, amounting to £100. Subsequently she borrows a further sum of £150 from A. Subsequently she acquires additional separate property, consisting of a deposit in a building society of £200. To what extent, if at all, is A entitled to enforce payment of the moneys owing to him? Give the reasons for your answer.

12. By the marriage settlement of A and B £10,000 is settled upon trust to pay the income to A for life, and after the death of A "in trust for all the children of the marriage in such shares as A shall by will appoint; and in default of any such appointment, and so far as no such appointment shall extend, in trust for all the children of the marriage equally." There are four children of the marriage, C, D, E, and F. C dies in the

lifetime of A. A dies, having made his will, by which he appoints the fund in equal shares to D and E. D, E, and F survive A. Among whom, and in what shares, is the fund distributable? Give the reason for your answer.

13. Explain the following terms :-" Certificate of registry" (of a ship), "escrow," "emblements," "administrator durante minore ætate," "certifi

cate of title."

14. State and explain the four unities which are generally necessary to constitute joint tenancy.

THE LAW OF OBLIGATIONS.

The Board of Examiners.

1. On what grounds has the rule been established that acceptance turns an offer into a contract, and is irrevocable?

Mention a leading authority upon this rule.

2. To what class of contracts is the equitable doctrine of part performance to take a case out of the Statute of Frauds limited? How has this doctrine been affected by "The Judicature Act 1883" ?

3. Explain the rule that payment of a smaller sum in satisfaction of a larger is not a good discharge of a debt. State what is necessary to constitute a valid agreement between debtor and creditor

for the latter to take a smaller sum in satisfaction of the amount of his debt.

4. What was the decision in Lampleigh v. Braithwait, 1 Sm. L.C. 67, as to past consideration as the consideration for a subsequent promise? How has that decision been reviewed in modern cases ?

5. Define "necessaries" for which an infant can make himself liable. State the rules applicable to determine the relative provinces of the judge and the jury in ascertaining what are necessaries."

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6. What is the obligation of the insured in a contract of marine or fire insurance as to the disclosure of material facts?

How does a contract of life insurance differ in this respect from a contract of marine or fire insurance ?

7. Explain and illustrate the common-law rule that no person can acquire rights under a contract to which he is not a party.

8. What are the obligations of a common carrier to the person who entrusts him with goods to carry? What are the limitations to this liability?

9. State the rules which govern Ratification as a mode of constituting agency.

10. Explain the following statement :

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"The contract