Stehphny

God, Law, Finance and Reality TV

[Stehphny @Stephanie_____N]

@Fran6dgreat01

[Stehphny @Stephanie_____N]

@Ozy_is_back 😂

[Stehphny @Stephanie_____N]

Na only your own oo😏😏
I still have 2 weeks✌️

[Ayó @ayofabian_]

Bar Finals is next week.🙂

[Stehphny @Stephanie_____N]

✌️

[Stehphny @Stephanie_____N]

@esbs_ Thank you sissy 🥺🙏🏾

[Stehphny @Stephanie_____N]

@ayofabian_

[Stehphny @Stephanie_____N]

@youngviphq Good ooo

[Stehphny @Stephanie_____N]

I crave expensive food😭

[Stehphny @Stephanie_____N]

@youngviphq Therefore, the sale is valid as against Mr Okonkwo as the Bank’s power of sale had arisen, but Mrs Adebayo can sue the Bank for damages for irregular exercise of the power. Section 126(2), Property and Conveyancing Law 1959.

[Stehphny @Stephanie_____N]

@youngviphq …such power must have arisen and become exercisable for the sake to be valid- Section 123 and 125, PCL.
For the power to have arisen, the mortgage must be by Deed, the legal due date must have passed and there is no contrary intention to the sale in the Deed- Section 123 PCL..

[Stehphny @Stephanie_____N]

@youngviphq …. Although, the Bank sold the property after six weeks of the demand notice which falls short of the 3 months grace period under the law, in other for the power of sale to become exercisable, the sale to Mr Okonkwo, an innocent purchaser, would still be valid.

[Stehphny @Stephanie_____N]

@youngviphq …mortgage Deed, the Mortgagee has certain remedies he can explore, to wit: an action in court for principal sum and interest; appointment of a receiver; foreclosure; power to sell the mortgage property; among others.

Where he chooses to explore his power of sale…

[Stehphny @Stephanie_____N]

@youngviphq D.
The mortgage transaction expressed in the scenario is a legal mortgage and the applicable law is the Property and Conveyancing Law 1959 because the mortgage property is situate in Ibadan, Oyó state.

Generally, where there’s a breach of a covenant in the…

[Stehphny @Stephanie_____N]

Congratulations everyone 🎉💃🏾💃🏾💃🏾

[Stehphny @Stephanie_____N]

Congratulations to me and my incoming Esquires💃🏾💃🏾🎉🎉🎉🎉

2027 shall be great for us!!

[Hallelujah Challenge @Hallelujah_C_F]

Tell your neighbors; CONGRATULATIONS 🎉🍾🎊🎈

#HallelujahChallenge

[Stehphny @Stephanie_____N]

@youngviphq The total of the minimum hourly fee due to the 3 solicitors is 880,000 naira.

Therefore, the total minimum professional fee payable by Prime Technologies Ltd is 880,000 naira- Scale 5, Legal Practitioners’ Remuneration Order 2023

[Stehphny @Stephanie_____N]

@youngviphq …spent on the client’s brief.

In this case, Barr Ada a lawyer of 15 years experience worked on the brief for 2 hours, therefore her minimum hourly fee is;
200,000 x 2=400,000

For Barr Tunde (9 years);
120,000 x 3=360,000

For Barr Chukwu (years);
30,000 x 4=120,000