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Questions and Answers
What is a potential issue in a trust agreement?
What is a potential issue in a trust agreement?
- Loss of property
- Court intervention
- Erosion of trust (correct)
- Detachment of beneficiary
What happens when a trustee conveys property to themselves?
What happens when a trustee conveys property to themselves?
- The trustee's interest is prioritized
- The trust is terminated
- The beneficiary's interest is overreached (correct)
- The property is detached from the trust
What was the ruling in the case of Burgress v Rawnsley?
What was the ruling in the case of Burgress v Rawnsley?
- Trustees cannot sell property orally
- Court cannot accept oral agreements
- Oral agreements are invalid
- It's okay to accept oral agreements to sell property (correct)
What is the result of overreaching?
What is the result of overreaching?
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What is the name of the case that involved proceeds of sale being £?
What is the name of the case that involved proceeds of sale being £?
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What is the consequence of overreaching in a trust?
What is the consequence of overreaching in a trust?
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What is the primary concern regarding a trustee's actions in a trust agreement?
What is the primary concern regarding a trustee's actions in a trust agreement?
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What type of agreement is examined in the Burgress v Rawnsley case?
What type of agreement is examined in the Burgress v Rawnsley case?
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What is the result of a trustee conveying property to themselves?
What is the result of a trustee conveying property to themselves?
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What is the relationship between the trustee and the beneficiary in a trust agreement?
What is the relationship between the trustee and the beneficiary in a trust agreement?
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