Guidance related to Rule B1.14: Settlements - Holding Items as Undelivered

The Professional Practice Committee and the Council confirm that where money or deeds are sent to be held as undelivered pending purification of a condition, they should be so held if the condition is not purified. Settlement will not take place until they can be treated as delivered.

For more Guidance on this matter in a conveyancing context, refer to Cheques to be Held as Undelivered but note that the core principle, as set out above, is of general application and is not restricted to conveyancing transactions.

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