Exam 3: Certainty
Exam 1: What Is Equity?12 Questions
Exam 2: Equity and the Management of Property; and Equitable Obligations15 Questions
Exam 3: Certainty8 Questions
Exam 4: Constitution of Trusts10 Questions
Exam 5: Formalities10 Questions
Exam 6: Resulting Trusts10 Questions
Exam 7: Interests in the Family Home; and Constructive Trusts10 Questions
Exam 8: Proprietary Estoppel; The Evolution of Rights in the Family Home10 Questions
Exam 9: Clubs and Societies5 Questions
Exam 10: Wills and Inheritance10 Questions
Exam 11: The Role and Status of Charities5 Questions
Exam 12: Charitable Trusts7 Questions
Exam 13: Cy-Près: Redistributing Funds and Changing Purposes5 Questions
Exam 14: Control and Regulation of Charitable Trusts5 Questions
Exam 15: Choosing Who Benefits5 Questions
Exam 21: Fixed Trusts; and Powers of Appointment10 Questions
Exam 17: Discretionary Trusts10 Questions
Exam 18: Variation of Beneficial Interests; Powers of Maintenance and Advancement10 Questions
Exam 19: Investment; Management and Delegation11 Questions
Exam 20: Control and Accountability; Appointing and Changing Trustees10 Questions
Exam 21: Fiduciary Duties; Remedies Against the Trustee for Breach of Trust10 Questions
Exam 22: Tracing10 Questions
Exam 23: Specific Performance; Rescission, Rectification, and Account12 Questions
Exam 24: Injunctions8 Questions
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Merril, in his will, left a fund to Danita, 'to hold it on discretionary trust, and to distribute it among my children in any share as Danita in her absolute discretion thinks fit.' Merril has four adult children, Berlye, Ethel, Cerele and Harry. Merril has now died. Which of the following statements is true in relation to the four children's beneficial entitlement to the fund?
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(Multiple Choice)
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Correct Answer:
A
Ethel, in her home-made will, leaves all her jewellery to be held by Mark, her trustee, to distribute it to 'such of my needy old University friends who survive me, as Mark in his absolute discretion shall decide.' In relation to certainty of objects, which of the following statements is correct:
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(Multiple Choice)
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Correct Answer:
C
Errol, in his home-made will, leaves 'ten of the most expensive pieces of crystal' to be held by Jonathan, his trustee, 'in the hope and expectation that he will distribute them to such of my needy, old University friends who survive me, as Jonathan in his absolute discretion shall decide.' In relation to certainty of subject matter, which of the following statements is correct?
Free
(Multiple Choice)
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Correct Answer:
A
Which of the following statements is correct in relation to certainty of intention to create a trust? (Think carefully)
(Multiple Choice)
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Belinda, in her home-made will, leaves 'ten of my most precious pieces of crystal' to be held by Janis, her trustee, 'in the hope and expectation that she will distribute them to such of my needy, old University friends who survive me, as Janis in her absolute discretion shall decide.' In relation to certainty of subject matter, which of the following statements is correct?
(Multiple Choice)
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Errol, in his home-made will, leaves £80,000 to Jonathan, to be distributed under a discretionary trust to 'such of my, needy old University friends who survive me, as Jonathan in his absolute discretion shall decide.' In relation to certainty of objects, which of the following statements is correct?
(Multiple Choice)
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The House of Lords decision in McPhail v Doulton was a watershed case. Which of the following statements does not reflect the changes it brought to the law?
(Multiple Choice)
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The question of certainty of intention is intertwined with the question of whether an obligation is a trust or a power. In explaining the difficulties of distinguishing whether a settlor has intended to create a trusts and powers as distinct obligations, which of the following statements is false?
(Multiple Choice)
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