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Quiz Trusts Law

255 played - 10 yrs ago
A quiz about trusts law including the basic building blocks.
 
QUIZ 30 QUESTIONS
hard
1

Which case held that decisions of the Court of Chancery will prevail?

2

Which act started procedural fusion of law and equity?

3

Which of these is not an example of equity being a gloss on the common law?

4

Which of these is not an area of equity?

5

How many maxims of equity are there said to be?

6

Who said "The two streams of jurisdiction, though they run in the same channel, run side by side and do not mingle their waters"

7

Which case is this phrase taken from "... the waters of the confluent streams of law and equity have surely mingled by now"

8

Which case talked of "harmonious development"?

9

What is a testamentary trust?

10

What is an inter-vivos trust?

11

What is capital?

12

What type of trust is this : 'Settlor chooses to create trust and sets out to create trust'?

13

What type of trust is this "this property is on trust, hold it on trust and await my further instruction"

14

Which case held that the trustees must exercise the discretion themselves?

15

Which case held that the trustees must make appropriate inquiries?

16

What type of trust is in Burrough v Philcox?

17

What type of trust was in Re Baden?

18

Which case held that with relation to powers of appointment both trustees have to agree?

19

Which case held that T was obliged to exercise discretion?

20

Which case gave rise to this rule "If all B's under trust are of full age and are competent then if they all agree then trust can be terminated and property divided in such way as they agree"

21

Which case is often regarded as mistaken?

22

What will the courts do if T doesn't act on a fixed trust?

23

When did large discretionary trusts first appear?

24

Which of these does not have a duty to distribute?

25

Which of these does not have discretion?

26

What must T do with regards to a discretion?

27

Which of these is not an advantage of a discretionary trust?

28

Which of these is a disadvantage of a discretionary trust?

29

What type of trust is this "To my children in equal shares"?

30

What are public trusts for?


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