Trust Law: Overreaching and Oral Agreements
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Questions and Answers

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?

  • 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?

  • 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?

    <p>The beneficiary's interest is detached from the land</p> Signup and view all the answers

    What is the name of the case that involved proceeds of sale being £?

    <p>Burgress v Rawnsley</p> Signup and view all the answers

    What is the consequence of overreaching in a trust?

    <p>The land is detached from the trust and sold</p> Signup and view all the answers

    What is the primary concern regarding a trustee's actions in a trust agreement?

    <p>Erosion of trust</p> Signup and view all the answers

    What type of agreement is examined in the Burgress v Rawnsley case?

    <p>Oral agreement</p> Signup and view all the answers

    What is the result of a trustee conveying property to themselves?

    <p>The trust is terminated</p> Signup and view all the answers

    What is the relationship between the trustee and the beneficiary in a trust agreement?

    <p>The trustee is responsible for managing the beneficiary's interests</p> Signup and view all the answers

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