I'm a Spanish lawyer applying for a job with British law firm here in Spain and as such need to study some basics of British law.
I have attached links to some text I have been studying and have struggled slightly with. If anyone could give some advice on some of the questions being asked it would be much appreciated.
1. Is the Seller entitled to repurchase the loan? Please justify your response.
2. Assuing the Seller was entitled to repurchase the loan, would the buyer be entitled to recieve the repurchase price of the loan?
3. What general course of action would you recomment to your Operations Directior if the Seller refuses to pay the repurchase price of the loan?
Thanks in advance for any help,
Contract Case Review (defective loans)
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