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In MacPherson v. Buick Motor Company (1916), Cardozo announced a doctrine that was later adopted elsewhere in the United States and Great Britain: an implied warranty of safety exists between a manufacturer and a private purchaser, despite intermediate ownership of the product by a retail dealer.
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Ken Livingstone set out in his London Plan, and which to some extent I think Mr [Boris] Johnson has continued this, there was a 70/30 divide, so 70% will be to rent and 30% will be intermediate, shared ownership.
Charity and campaign groups prefer to talk about shared ownership and intermediate tenures rather than social housing.
Up to 45% of the 1,500 new homes are expected to be affordable: a mix of social rent, shared ownership and intermediate market rent (set at about 80% of the market rental value of similar local properties).
Wandsworth is facing an annual shortfall of 1,586 affordable homes and the council's policy is that at least one in three new-build homes should be for social rent, intermediate rent or shared ownership.
We also find that family firms are more likely to grant incentive stock options at low to intermediate level of family ownership in presence of effective board monitoring and during the global financial crisis.
Since discounts were raised in 2012 almost 30,000 homes have been sold under the scheme but the supply of affordable homes - defined as the sum of social rent, affordable rent, intermediate rent and affordable home ownership - has shrunk dramatically over the same period.
It is likely that the overall increase was fuelled by the availability of grant and the need to overcome viability issues created by the recession in the housing market, which fuelled the need to convert some shared-ownership schemes into intermediate and social rented tenures, often via an additional grant payment".
The 32,110 affordable homes delivered in 2015-16 comprised 6,550 social rent, 16,550 affordable rent and 9,010 affordable home ownership, shared ownership and intermediate rent.
The other half is "intermediate", including a mix of shared ownership and units for rent at costs more closely linked to the market and at odds with local incomes.
Could they confirm that it would be up to housing associations whether replacements homes are for social or "affordable" rent or some intermediate tenure type, such as shared ownership?
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