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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?

The beneficiary's interest is detached from the land (A) Signup and view all the answers

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

Burgress v Rawnsley (B) Signup and view all the answers

What is the consequence of overreaching in a trust?

The land is detached from the trust and sold (C) Signup and view all the answers

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

Erosion of trust (A) Signup and view all the answers

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

Oral agreement (D) Signup and view all the answers

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

The trust is terminated (B) Signup and view all the answers

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

The trustee is responsible for managing the beneficiary's interests (B) Signup and view all the answers

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