2023 · October · Q1
On 1 March 2024 Sinéad agrees in writing to sell her cottage to Tom for €350,000, completion to take place on 30 April 2024. Tom pays the booking deposit of €5,000. On 15 April Sinéad's cottage burns down through no fault of either party. Advise the parties on (a) where the beneficial interest lies; (b) who bears the risk of loss. Refer to *Tempany v Hynes* [1976] IR 101 and the Land and Conveyancing Law Reform Act 2009.
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