Several models of the resulting trust have been set out in different contexts but each of them has significant problems. A trustee is held to something stricter than the morals of the market place. Not honesty alone, but the punctilio of an honor the most sensitive, is the standard of behavior.
Original post by insignificant Rep goes to those who help. I am a student working from home with a medical condition who hasn't been able to do nearly as much equity and trusts work as I should have, so I really need things spelling out to me in lamen terms please!
Paul, a wealthy business man and co-owner of Pantsworld Ltd with his brother Liam, made the following bequests in his will dated Six bottles from the contents of my wine cellar to Hayley, the rest to Liam 4.
The residue of my estate to Ryan. Paul, after crossing some Manchester gangsters, has found out that there is a contract out on his life. Fearing imminent death, Paul gathers his family and friends at his golf course clubhouse. Paul then went out to play a round of golf.
He was struck dead by lightning on the 14th Tee.
Liam is refusing to allow Leanne to be registered as a shareholder in Pantsworld Ltd. Meanwhile Hayley has emigrated to Africa without choosing her six bottles of wine. Advise the executors Dev and Steve. This was answered not too long ago on this forum actually, check out this thread and I think you will be golden:Problem question of Trusts in the Family Home watch.
Announcements. Equity and Trusts law problem question answer/guideline ; Law of Trusts, Constitution problem question ; The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.
Problem Question Examples Problem questions can seem daunting as you are faced with a big scenario with various things happening, and it is not always easy to know where to begin.
Once you get the hang of these types of questions you will find them a really easy way to show off your legal knowledge. This question concerns the law of trusts in the family home.
Specifically, Mary requires advice on two questions: whether Philip is entitled to a share in the property, 8 Emerald Way, and whether she is able to sell the house now that she and Phillip have split up.
The starting point in any case is. The law of implied trusts of the home The paper answers the question by firstly considering the decision reached in Stack v Dowden and it further considers how this . Equity and Trusts Problem question (help please!) watch.
Announcements. has found out that there is a contract out on his life. Fearing imminent death, Paul gathers his family and friends at his golf course clubhouse. He says to Leanne ‘It was a mistake to leave you the shares in trust.
Equity and Trusts Law Problem Question Equity. Published: Tue, 19 Sep This question concerns the law of trusts in the family home. Specifically, Mary requires advice on two questions: whether Philip is entitled to a share in the property, 8 Emerald Way, and whether she is able to sell the house now that she and Phillip have split up.