Questions and Answers
What is the consequence of a trustee breaching their duty of care and skill?
The trustee must pay equitable compensation to the trust fund or the beneficiary
In which case was the onus on the beneficiary to prove both the loss and that it was a consequence of the trustee's breach?
Nestle v National Westminister Bank
What is the test to determine if a trustee's investment decision was reasonable?
Would a reasonable trustee have made the same investment
What is the purpose of a trustee's duty to inform beneficiaries under a fixed trust?
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What is the relevance of foreseeability in breach of trust cases?
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What is the primary purpose of a constructive trust in situations involving fraud or breach of fiduciary duty?
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In the Sinclair Investments case, what was the critical factor in determining whether a constructive trust could be imposed on the profits?
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What is the term for a claim made by a party over misappropriated assets that have been mixed with other funds and used for investment?
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What is the relationship between a fiduciary and a constructive trust in cases of misappropriated assets?
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What is the main issue addressed in the Sinclair Investments case?
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What is the principle upheld in the Turner v Corney (1841) case?
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What is the traditional model of delegation in trusteeship illustrated in a particular case?
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According to the Speight v Gaunt case, what is the standard of care expected of trustees?
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What is the consequence of a trustee failing to act in the same manner as an ordinary prudent man of business?
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What is the duty of trustees in exercising powers and carrying out other duties?
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In which circumstance may a trustee delegate tasks to others?
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What is the relevance of the Trustee Delegation Act 2000 in the context of trustee duties?
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What is the expected conduct of a trustee in managing trust property?
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What is the core principle of the duty of non-delegation in trusteeship?
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What is the implication of a trustee's breach of their duty of care and skill?
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What is a key issue in the case of Santander UK Plc v RA Legal Solicitors (2014) regarding judicial relief from liability?
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In the case of Bristol and West Building Society v Mothew, what is the primary obligation of a fiduciary?
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What is the consequence of a fiduciary breaching their duty of loyalty?
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In the context of fiduciary relationships, what is the significance of informed consent?
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What is the approach to be avoided in determining whether a trustee has acted reasonably in respect of matters connected with the beneficiary's loss?
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What is the principle established in the Re Whitley (1886) case regarding the duty of care of a trustee?
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What is the consequence of an unauthorized transfer of trust property out of the fund?
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In which case was the decision made to change the equitable compensation for breach of trust and duty of care and skill breach?
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What is the uncertainty regarding the breach of trust in the AIB case?
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What is the purpose of the trustee's obligation to pay equitable compensation for the loss?
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What is the primary reason for distinguishing between equitable compensation and disgorgement in cases of fiduciary breach?
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In which case was a constructive trust not imposed, despite the defendant's breach of fiduciary duty?
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What is the consequence of a fiduciary's secret profit-making activities, despite a lack of dishonesty?
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What is the purpose of imposing a constructive trust in cases of fiduciary breach?
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What is the underlying principle behind the 'but for' test in equitable compensation?
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In what circumstances does the liability of a fiduciary to account for a profit arise?
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What is the key difference between a trustee and a fiduciary?
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In which type of relationship is a fiduciary obligated to act in the best interest of the other party?
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What is the core principle behind the rule of equity in fiduciary cases?
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Who can be considered a fiduciary, besides a trustee?
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