Question 1

Which of the following people do not need to be at least consulted before a trustee can make a decision about land subject to successive interest?

Accepted Answer

A)  The settlor 
B)  The person entitled in remainder 
C)  The life tenant 
D)  Any other trustees

Question 2

a tenant for life under the Settled Land Act 1925 is able to make improvements to the property at his own expense.

Accepted Answer

A) True 
 B)False

Question 3

What mechanism would be used to protect the beneficiaries' interests against purchasers and ensure they give their consent before the trustees sold the land, for example, in cases where their consent was required?

Accepted Answer

A)  Entry under their own title number 
B)  A restriction 
C)  A notice 
D)  No mechanism

Question 4

equitable interests under strict settlements are capable of being overreached on sale of the settled land.

Accepted Answer

A) True 
 B)False

Question 5

Under the Settled Land Act 1925, in whom is the legal title vested?

Accepted Answer

The answer of Under the Settled Land Act 1925, in...

Question 6

Which of the following things is a tenant for life not able to do?

Accepted Answer

A)  Mortgage the property in order to raise money to buy a classic car 
B)  Grant an option to purchase to the owner of a classic car in return for the car 
C)  Grant a lease to his friend 
D)  Cut and sell the timber from the trees on the land

Question 7

life tenants and persons entitled in remainder who are not the trustees of land have equitable interests.

Accepted Answer

A) True 
 B)False

Question 8

Can the interests of a beneficiary under a settlement governed by the Settled Land Act 1925 be an overriding interest? Justify your answer by reference to the statutory provisions.

Accepted Answer

The answer of Can the interests of a beneficiary under...

Question 9

the trustees of land over which there is a trust concerning successive ownership governed by Trusts of Land and Appointment of Trustees Act 1996 are subject to the normal trust duties.

Accepted Answer

A) True 
 B)False

Question 10

What is the effect of section 18 Settled Land Act 1925?

Accepted Answer

The answer of What is the effect of section 18...

Exam 5: Successive Interests in Land

Which of the following people do not need to be at least consulted before a trustee can make a decision about land subject to successive interest?

a tenant for life under the Settled Land Act 1925 is able to make improvements to the property at his own expense.

What mechanism would be used to protect the beneficiaries' interests against purchasers and ensure they give their consent before the trustees sold the land, for example, in cases where their consent was required?

equitable interests under strict settlements are capable of being overreached on sale of the settled land.

Under the Settled Land Act 1925, in whom is the legal title vested?

Which of the following things is a tenant for life not able to do?

life tenants and persons entitled in remainder who are not the trustees of land have equitable interests.

Can the interests of a beneficiary under a settlement governed by the Settled Land Act 1925 be an overriding interest? Justify your answer by reference to the statutory provisions.

the trustees of land over which there is a trust concerning successive ownership governed by Trusts of Land and Appointment of Trustees Act 1996 are subject to the normal trust duties.

What is the effect of section 18 Settled Land Act 1925?