Hi everyone,

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 pictures of 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.

The questions:

1. Is the Seller entitled to repurchase the loan? Please justify your response.

2. Assuming the Seller was entitled to repurchase the loan, would the buyer be entitled to receive the repurchase price of the loan?

3. What general course of action would you recommend to your Operations Director if the Seller refuses to pay the repurchase price of the loan?

The links: