Trust Law: Overreaching and Oral Agreements p2
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the issue that arises when a trustee conveys property to a beneficiary without their knowledge?

Erosion of trust

What type of agreement is made between the trustee and the beneficiary in a trust?

Mundum agreements

What is overreaching in the context of trusts?

When a beneficiary's interest is detached from the land, and the trustee sells the property

In the case of Burgess v Rawnsley, what was the outcome regarding oral agreements?

<p>The court accepted the oral agreement to sell the property</p> Signup and view all the answers

What is the result of overreaching in a trust?

<p>The beneficiary's interest is detached from the land, and they only receive the proceeds of the sale</p> Signup and view all the answers

What is the issue that arises when a trustee conveys property to a beneficiary without their trust?

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

What happens to the beneficiary's interest in the land when a third party purchases it from the trustee?

<p>It is detached from the land</p> Signup and view all the answers

What is the significance of the case of Burgess v Rawnsley in the context of trusts?

<p>It is okay to accept oral agreements between the trustee and beneficiary</p> Signup and view all the answers

What is the result of the trustee selling the property to a third party without the beneficiary's knowledge?

<p>The proceeds of the sale are received</p> Signup and view all the answers

What is the name for the process where the beneficiary's interest in the land is severed when a third party purchases it from the trustee?

<p>Overreaching</p> Signup and view all the answers

More Like This

Trust Law: Overreaching and Oral Agreements
10 questions
What is a Trust in Law?
6 questions

What is a Trust in Law?

ComprehensiveWildflowerMeadow avatar
ComprehensiveWildflowerMeadow
Trusts and Trustees
16 questions

Trusts and Trustees

HighQualityElegy avatar
HighQualityElegy
Trustee Appointment and Removal
20 questions

Trustee Appointment and Removal

DazzlingCarnelian4937 avatar
DazzlingCarnelian4937
Use Quizgecko on...
Browser
Browser