Sam signed an unconditional contract of sale to purchase Blueacre. A term of the contract
specifically stated that the purchaser “shall accept all risks associated with the land sold on the signing
hereof’. The vendor was in occupation of the land. Due to an electrical fault, the premises on the land
caught fire and were destroyed, including the vendor’s large indoor marijuana crop. The vendor’s
insurer investigated the cause of the fire, along with police and fire brigade investigators, after the
vendor claimed on his insurance policy. Sam, who had fallen in love with the land, wishes to complete the purchase, but only if he may take advantage of the vendor’s insurance policy. With reference to the Sale of Land Act 1962, advise Sam.