Classic Classic Quiz Trusts Law - Fiduciaries by Diamondsareforever Diamondsareforever 17 played - 11 yrs ago A quiz about fiduciaries in English trusts law QUIZ 23 QUESTIONS expert English 1 Which case gave rise to a definition of fiduciaries? Bristol and West BS v MothewSinclair Investment Holdings v Versailles Trade FinanceGalamboz v PerezWilliams v BartonSwain v Law Society 2 Which case illustrates the fact that fiduciary relationships are not always clear? Galambos v PerezSinclair Investment Holdings v Versailles Trade FinanceWilliams v BartonSwain v Law SocietyBristol and West BS v Mothew 3 Which case relates to ad hoc fiduciary relationships? Sinclair Investment Holdings v Versailles Trade FinanceGalambos v PerezWilliams v BartonSwain v Law SocietyBristol and West BS v Mothew 4 What is this the definition of : "Duty to act in interest of principal"? No conflict ruleDuty of loyaltyFiduciary ruleDuty of honestyDuty of care 5 What was the conflict in Williams v Barton? Finding a job and finding fundsJob as a clerk and commissionValuation of property and job as clerkProfit made and job as clerkCommission and finding the best valuer 6 Which case gave rise to the three stages to following when looking for a conflict? Bristol and West BS v MothewMurad v Al-SarajSwain v Law SocietyBoardman v PhibbsWillilams v Barton 7 Which case suggested that the no conflict rule may be too harsh? Bristol and West BS v MothewMurad v Al-SurajBoardman v PhibbsWilliams v BartonRe Macadam 8 Which case relates to remuneration of fiduciaries? Boardman v PhibbsBristol and West BS v MothewMurad v Al-SarajWilliams v BartonRe Macadam 9 What was the conflict in Re Macadam? Appointing employer & best judgeCommission & valuation of propertyAppointment of director & feesSubsidiary appointments & companies interestsIncrease in share price & companies interests 10 Which case held that there was no conflict as he had not been involved in the decision to appoint him and the company approved his payment? Re Dover Coalfield ExtensionKeech v SandfordHooper v GorvinRegal (Hastings) Ltd v GulliverBoardman v Phibbs 11 What did information was exploited in Keech v Sandford? Employment contractExclusive wine listLeaseCinema LocationsMining oppertunities 12 Which case shows how the no conflict rule can be very harsh? Boardman v PhibbsQueensland Mines v HudsonIDC v CooleyRegal (Hastings) Ltd v GullliverEx Parte Lacey 13 What two things should have been obtained in Boardman v Phibbs? External advice & shares in the companyConsent from all trustees & beneficiary understandingPlace at meetings & more sharesIncrease in share value & more investmentNew management & consent from trustees 14 Why did the no conflict rule not apply in Queensland Minds v Hudson? The final trustee was senileThe beneficiaries had been briefly informed of detailsThere was no consent from beneficiariesH was a managing directorCompany had consented to H making a profit 15 What makes IDC v Cooley stand out from other cases? P did not pursue the businessThe object was outside the normal course of businessF was acting in bad faithF was a managing directorF used an opportunity for his own financial benefit 16 Which case held that there was no self-dealing as the property was bought at public auction? Regal (Hastings) Ltd v GulliverHolder v HolderBoardman v PhibbsEx Parte LaceyGuinness v Saunders 17 Which case held that if a company director makes a contract with a company then it is voidable as self-dealing? Guinness v SaundersRegal (Hastings) Ltd v GulliverBoardman v PhibbsEx Parte LaceyHolder v Holder 18 Which two cases relate to the overcoming of the no conflict rule by consent? A-G v Blake & Boardman v PhibbsLister v Stubbs & Islamic Republic of Iran Shipping Line v DenbyBoardman v Phibbs & Queensland Mines v HudsonA-G for Hong Kong v Reid & Lister v StubbsDaraydan Holdings v Solland International & Lister v Stubbs 19 Is liability personal or proprietary according to Lister v Stubbs? PersonalProprietaryMixed 20 Which case said they were bound by Lister v Stubbs but weren't satisfied it would apply? Islamic Republic of Iran Shipping Line v Denby (1987)A-G for Hong Kong v ReidDaraydan Holdings v Solland InternationalSinclair Investment Ltd v Versailles Trade Finance LtdFHR European Ventures LLP v Mankarious 21 Which case held that there was a proprietary claim? Lister v StubbsDaraydan Holdings v Solland InternationalSinclair Investment Ltd v Versailles Trade Finance LtdFHR European Ventures LLP v MankariousA-G for Hong Kong v Reid 22 Which case held that they were bound by Lister v Stubbs but preferred A-G for Hong Kong v Reid? FHR European Venture LLP v MankariousSinclair Investment Ltd v Versailles Trade Finance LtdIslamic Republic of Iran Shipping Line v DenbyDaraydan Holdings v Solland InternationalA-G v Blake 23 Which case held that the claim should be proprietary as money came from teh opportunity made to principle? Lister v StubbsFHR European Ventures LLP v MankariousA-G for Hong Kong v ReidSinclair Investment Ltd v Versailles Trade Finance LtdDaraydan Holdings v Solland International A mistake in this Quiz ? Contact the author Commentaires