Law of equity and trusts


Question 1: Describe, with examples, what is meant by the separation of ownership into equitable and legal title.

Question 2: Outline the difference between the common law and equity. Give some illustrations of equitable maxims and equitable remedies.

Question 3: What is the nature of a trust? Differentiate trusts from similar common law concepts.

Question 4: Describe the difference between a trust and a contract. Give illustrations in your answer.

Question 5: What are the three certainties? In brief describe the beneficiary principle.

Question 6: What is the rule against perpetuities? Outline the rationale for the rule.

Question 7: Outline the legal position on the difference between a resulting and a constructive trust.

Question 8: In brief describe some of the powers, discretions and duties of trustees. What are the remedies for breach of trust?

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Business Law and Ethics: Law of equity and trusts
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