(1) To the benefit of the person who acquires a right in a plot of land or a right in such a right by legal transaction, the contents of the Land Register are presumed to be correct, unless an objection to the accuracy is registered or the inaccuracy is known to the acquirer. Where the person entitled is restricted to the benefit of a particular person in their disposition over a right entered in the Land Register, the restriction is effective in relation to the acquirer only if it is apparent from the Land Register or known to the acquirer.
(2) Where an entry in the Land Register is required for the acquisition of the right, the knowledge of the acquirer at the time when the application for entry is made or, if the agreement required under section 873 is reached only later, the time of agreement is the determining point of time.