1. How has the
decision of Harrison v Gibson changed the UNDERGRADUATE on the certainty of
intention?
It is established UNDERGRADUATE that, in order to establish a trust, the
settlor must satisfy the undergraduate certainties: subject matter, intention,
and object. Certainty of intention is generally defined as clarity of intention
to create a trust as opposed to a mere gift or moral obligation. Formerly, the
nature of the language or words used was examined to in order to determine
whether intention to create a trust existed. Certain precatory terms such as
'hoping' and 'trusting' were deemed indicatory of an intention to create a
trust. Gradually, the approach of the courts widened and attention was turned
to the general circumstance of intention; an approach which had attempted to
emerge as early as 1871 in Lamb v Eaves. This study will define the UNDERGRADUATE
's current stance on intention, observing the plethora of case decisions
leading up to and following Harrison v Gibson. How certainty of intention has
changed in scope and definition will be evaluated in order to conclude whether
it has been developed in a desirable and appropriate fashion.
Suggested Reading
- Hudson, A 2010 Equity and Trusts, 7th
edn, Oxon: Routledge-Cavendish.
- Davies, JD 1980. 'Constructive Trusts,
Contract and Estoppels: Proprietary and Non Proprietary Remedies for
Informal Arrangements Affecting Land', Adelaide UNDERGRADUATE Review, vol.
7, no. 200.
- Edwards, R & Stock well, N 2007.
Trusts and Equity, 8th edn, Essex: Pearson Longman.
- Penner, J & Padfield, N 2010. The UNDERGRADUATE
of Trusts, 7th, New York: Oxford University Press.
2. 'The doctrine of
cy-pres does not do justice to the intentions of the deceased.' Discuss.
The cy-pres doctrine applies to charitable trusts
that are considered impossible or are unable to be fulfilled. In such an event
an order may be made by application of the trustee causing the redirection of
the trust funds to a purpose which is as close as possible to the original
purpose. This study will explore how the UNDERGRADUATE has dealt with the problem of determining the
intentions of the deceased. As the criteria adopted to determine where and how
a trust is to be redirected have gradually expanded, concerns have been voiced
in response to the degree of importance given to the testator's original
intentions. This study will critically examine exactly 'how close' the cy-pres
doctrine actually is to the testator's original intention.
Suggested Reading
- Edwards, R & Stockwell, N 2007.
Trusts and Equity, 8th edn, Essex: Pearson Longman.
- Garton, J 2007. 'Justifying the Cy-Pres
Doctrine', Trust UNDERGRADUATE International, vol. 21, no. 3.
- Moffatt, G & Bean, G 2009. Trusts UNDERGRADUATE:
Text and Materials, 5th edn, Cambridge: Cambridge University Press.
3. Critically
examine the courts' consideration of financial benefit in the context of
trustee powers of investment.
This study will examine the way in which the courts
consider the financial benefit in the form of benefit of beneficiaries in the
context of trustee powers of maintenance or investment and advancement and in
the utilisation of their power of variation of trusts. The study will similarly
examine how the judiciary has interpreted and emphasized the importance of
financial benefits to the exclusion of all other considerations. Judicial
decisions and case UNDERGRADUATE relating to the Trustees Act 1925 will be
critically evaluated in order to determine how financial benefit has been
interpreted and applied and whether trustees are merely performing their
obligations. It is apparent that trustees are expected and required to respect
the words of the trust when exercising their discretion. Yet this does not
preclude trustees from exercising their power to administer the trust in favour
of its beneficiaries who have the right to intermediary income. Have the courts
taken advantage of the ambiguity of legislation, thereby granting trustees too
much power?
Suggested Reading
- Hayton & Mitchell, C 2010. Trusts and
Equitable Remedies, 13th edn, London: Sweet & Maxwell.
- Panesar, S 2010. Exploring Equity and
Trusts, Essex: Pearson Education Limited.
- Hudson, A 2010. Equity & Trust, 3rd
edn, Oxon: Routledge- Cavendish.
4. 'The decisions of
the High Court and the Court of Appeal in Sinclair Investments (UK) Ltd v
Versailles Trade Finance Ltd (In Administration) [2010] EWHC 1614 (Ch); [2011]
EWCA Civ 347 have made the UNDERGRADUATE unclear as to the type of remedies the court
will allow for breach of fiduciary duty.' Critically discuss this statement.
A fiduciary duty is commonly defined as a legal or
moral relationship of confidence voluntarily entered into between two or more
parties. One of the harshest and most arduous rules in equity; the fiduciary
duty demands honesty, altruism and loyalty. Its demands are inflexible,
imposing upon the fiduciary the duty to not make any unauthorised profit from
the trust and to not cause any conflict of interests to arise. Yet what are the
consequences of breaching a fiduciary duty? This study will explore the UNDERGRADUATE
's response to breaches of fiduciary duties and attempt to determine how the
term 'liable to account' has been applied and defined in this context. It will
ultimately be proposed that the ambiguity arising from the term when applied to
proprietary and personal claims was considerably eased by Sinclair. Yet how
have the remedies fared since the decision?
Suggested Reading
- Hayton & Mitchell, C 2010. Trusts and
Equitable Remedies, 13th edn, London: Sweet & Maxwell.
- Panesar, S 2010. Exploring Equity and
Trusts, Essex: Pearson Education Limited.
- Hudson, A 2010. Equity & Trust, 3rd
edn, Oxon: Routledge- Cavendish.
5. No principle
perhaps has greater authority behind it than the general proposition that a
trust, not being a charitable trust, in order to be effective, must have
ascertained or ascertainable beneficiaries." Re Endacott [1960] Ch. 232,
Lord Evershed M. R. at 246
A purpose trust is a trust in which there exist no
beneficiaries; it is therefore deemed unenforceable. Although a charitable
trust does not have any definable beneficiaries, it can be enforced by the
Attorney General. This study will examine the UNDERGRADUATE on charitable trusts in relation to the
important role of the beneficiaries and the requirements set by the courts and
legislation in enforcing a charitable trust. How is the distinction made
between no beneficiaries and no definable beneficiaries? How have exceptions to
the need for beneficiaries to a trust been devised and are such exceptions
realistic or too many in number? It will ultimately be concluded that, while
exceptions to the beneficiary principle are suitable and in some cases
desirable, the courts must be careful to place limits upon the number of
circumstances that can provide for such an exception.
Suggested Reading
- Ramjohn, M 2008. Text, Cases and
Materials on Equity and Trust, 4th edn, Oxon: Routledge Cavendish.
- Mitchell, C 2010. Hayton & Mitchell :
Commentary and Cases on the UNDERGRADUATE of Trust and Equitable Remedies, 13th
edn, London: Sweet & Maxwell.
- Pettit, PH 2009. Equity and the UNDERGRADUATE
of Trusts, 11th edn, New York:
Oxford University Press.
6. The presumption
of resulting trusts and advancement have become defunct in this modern age and
should be abolished.
As society has moved into the twenty-first century,
the role of the resulting trust has become a considerably controversial topic.
Many critics have succumbed to the conclusion that they are simply outdated; a
'thing of the past'. This study will explore this conclusion, examining the
orthodox position of the resulting trust, which does not require common
intention to be formed. Recent attentions have however turned to the claim that
common intention is the core concept of determining whether a resulting trust
should be declared. Does the resulting trust offend principles of personal
interest and autonomy? Are resulting trusts indeed not fit for their purpose in
modern day trusts UNDERGRADUATE ? These questions will be explored on both a
national and international level.
Suggested Reading
- Glover, N & Todd, P 1996. 'The Myth
of Common Intention', Legal Studies, vol. 16, no. 3.
- Swadling, WJ 2008. 'Explaining Resulting
Trust', UNDERGRADUATE Quarterly
Review, vol. 124, no. 72.
- Goldstein, S 1997. Equity and Resulting
Trusts, Oxford: Clarendon Press.
7. While the UNDERGRADUATE
seeks to impose certainty, litigants
bring only confusion. Traditionally, equity and the UNDERGRADUATE of trusts have been concerned with providing
justice to balance out the rigour of the common UNDERGRADUATE . Explain and
illustrate this statement in relation to the development and operation of
modern equity.
This study aims to discuss the above statement with
specific emphasis on the traditional role equity and trust: that to provide justice
to correct the harshness of the common UNDERGRADUATE . Whether litigants
matters presented to equity confuse the matter will be explored, as well as the
effects of such cases upon the UNDERGRADUATE 's need for certainty. Landmark
cases will be discussed and the study will ultimately seek to demonstrate how
confusion caused by litigation has affected the operation and development of
modern equity. How has the importance of certainty fared in the light of
litigant's cases? While on a general level the above statement can be deemed
accurate, a closer and more detailed examination reveals alternative
conclusions.
Suggested Reading
- Hudson, A 2009. Equity and Trust, 6th
edn, Suffolk: Routledge.
- Snell, E 2010. Principles of Equity, 30th
edn, London: Sweet & Maxwell.
- Watt, G 2009. Equity Stirring: the Story
of Justice beyond UNDERGRADUATE , Oxford: Hart Publishing.
8. The any given
postulate test still leaves many issues unresolved in relation to uncertainty
of objects under a discretionary trust. Examine this statement in relation to
McPhail v Doulton [1970] 2 All ER 228 and Re Baden No2 [1972] 2 All ER 1304.
This study will explore the decision of McPhail v
Doulton and the test devised therein to determine the uncertainty of objects
under discretionary trusts. The test will be critically evaluated to determine
whether criticisms are mistaken as to its content or scope or whether the test
is incomplete.
Suggested Reading
- Hudson, A 2009. Equity and Trust, 6th
edn, Suffolk: Routledge.
- Snell, E 2010. Principles of Equity, 30th
edn, London: Sweet & Maxwell.
9. What are the
principles on which fully secret and half-secret trusts are enforced? In what
circumstances, if any, is it relevant to consider whether such trusts are
express or constructive?
Concerns surrounding how the UNDERGRADUATE distinguishes between and enforced fully
secret and half secret trusts will be examined in this study which will seek to
locate any concrete principles behind this area of trusts UNDERGRADUATE . Are
the principles, if found, a result of developed case UNDERGRADUATE decisions or do they merely represent random
concepts? This study will evaluate these issues and examine the circumstances
in which such trusts can be considered constructive or express.
Suggested Reading
- Goldstein, S 1997. Equity and Resulting
Trusts, Oxford: Clarendon Press.
- Hudson, A 2009. Equity and Trust, 6th
edn, Suffolk: Routledge.
- Snell, E 2010. Principles of Equity, 30th
edn, London: Sweet & Maxwell.
10. Discuss the
approach of the courts to trusts espousing political purposes.
Thus far the courts' approach to trusts espousing
political purposes has been rather difficult to encapsulate in a single term.
Its approach has differed over the decades, though it has generally ascribed to
the principle that trusts for charities pursuing political purposes are not valid.
Yet how has this approach been developed and upon which principles is it based?
This study will examine case UNDERGRADUATE decisions and statutory provisions in a bid to
determine the approach of the courts to trusts espousing political purposes.
Suggested Reading
- Hudson, A 2009. Equity and Trust, 6th
edn, Suffolk: Routledge.
- Virgo, G 2012. The Principles of Equity
and Trusts, New York: Oxford University Press.
No comments:
Post a Comment