10 Questions
What is a potential issue in a trust agreement?
Erosion of trust
What happens when a trustee conveys property to themselves?
The beneficiary's interest is overreached
What was the ruling in the case of Burgress v Rawnsley?
It's okay to accept oral agreements to sell property
What is the result of overreaching?
The beneficiary's interest is detached from the land
What is the name of the case that involved proceeds of sale being £?
Burgress v Rawnsley
What is the consequence of overreaching in a trust?
The land is detached from the trust and sold
What is the primary concern regarding a trustee's actions in a trust agreement?
Erosion of trust
What type of agreement is examined in the Burgress v Rawnsley case?
Oral agreement
What is the result of a trustee conveying property to themselves?
The trust is terminated
What is the relationship between the trustee and the beneficiary in a trust agreement?
The trustee is responsible for managing the beneficiary's interests
Test your knowledge of trust law, including the concept of overreaching and the validity of oral agreements in land sales. Learn about the importance of trustee-beneficiary relationships and the limits of trust law. Review the key points of the Burgress v Rawnsley case.
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