[P106S0562] Basics of Contract & Tort Laws to Avoid Misrepresentation and Negligence (BCT)
CPD Category: Professional (2 CPD credits awarded)
Course Duration: 3.0 hours
Course Synopsis
- Elements of a Contract.
- Agreements made “Subject to Contract”.
- Terms and Representations.
- Exception Clauses.
- Vitiating Factors especially Misrepresentation.
- Discharge and Remedies.
- Caveat Emptor.
- Tort of Negligence.
- Duty of Care.
- Standard of Care.
- Tort of Misrepresentation.
Course Objective(s):
The activity will cover the basic laws on the formation of a contract, contract in writing, privity of contract, pre-contract documents, differentiation of contractual terms and representations, express and implied terms, conditions and warranties, exception clauses, vitiating factors, termination of contract, remedies for breach, concept of caveat emptor, difference between contract and tort, tort of negligence, duty of care, standard of care, contributory negligence, misrepresentations, vicarious liability, and occupiers liability.
These are fundamental laws impacting both real estate transactions and real estate agency work that every competent real estate person should have a good grasp of to avoid common pitfalls.
Expected Learning Outcome(s):
- To know (or be reminded of) basic laws involved in real estate transactions so as to avoid legal pitfalls in estate agency practice.
- Covering two main areas – contract & tort – as both are fundamental to estate agency practice.
- With special regard to duties and responsibilities as estate agents or salespersons.
About the Trainer
Benjamin Yeo, Consultant, Keystone Law Corporation
Benjamin graduated from the National University of Singapore (Honours) in 1979 and served in the Singapore Government Legal Service from 1979 – 1983. His main areas of practice include Conveyancing, Real Property, Commercial and Corporate Law. He served as the Deputy Registrar of Land Titles and Deputy Controller of Residential Property before joining the private sector in 1983. Benjamin has extensive experience in both simple and complex transactions, such as franchises, joint ventures, corporate mergers, property development and collective land sales.
He has worked with an extensive clientele including multinational corporations, banks, government agencies, property developers and retail chains. In 1993, Benjamin co-founded M/s Yeo Wu & Thian and headed the Admin & Personnel and Conveyancing Departments. In 2001, he also co-founded Infinitus Law Corporation, heading its Admin & Personnel and Conveyancing Departments. He was a tutor for Conveyancing and Real Property in the Post-graduate Practice Law Course for graduate lawyers from 1986 to 1992. He was also a Commissioner for Oaths and Notary Public from 1996 to 2002. Benjamin’s practice covers overseas countries such as China, Malaysia and Indonesia. He also advises on project start-ups, international transactions, business strategies and corporate planning and management.