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3 certainties flash cards
Fichas del conjunto (24)
- 1Certainty of intentionIntent to create a trust
- 2Certainty of subject matterCertainty of trust property
- 3Certainty of objectWho is the beneficiary
- 4Administrative unworkabilityAdministratively unworkable because the class of beneficiaries is so wide
- 5Trusts of part of an un-ascertained bulk of intangible property do not require segregation or specific identification What case?Hunter v Moss 1994
- 6Originating case for the 3 certainties requirementKnight v Knight 1840
- 7Emphasizes difference between imperative words and precatory wordsLambe v Eames 1871
- 8Certainty of objects test for Discretionary trusts is whether it can be said with certainty that any given individual is a member of the classMcphail v Doulton 1971
- 9Vaugeness of wording = no subject matterPalmer v Simmonds 1854
- 10To satisfy rule in mcphail v doulton, the groups to benefit must be conceptually certain.Re Baden's Trust No 2 1973
- 11Trusts of part of unascertained bulk of tangiable property must be segregated/specifially identifiable to satisfy certainty of subjectRe London Wine 1986
- 12Procatory words indicate a _ _ _ _ whereas imperative words indicate a _ _ _ _ _ _ _.wish
command - 13Precatory words usually intend a gift, but not always. Case?Comsikey v Bowring-Hanbury 1905
- 14Surrounding evidence may also lead the courts to a decision that there was intent to create a trust.. Case?Staden v Jones 2008
- 15As well as words and surrounding evidence, what else can constitute an intention to create a trust? (Hint: 7 letters)Conduct
Paul v Constance 1977 - 16Effect of lack of certainty of intention?The donee will take the property absolutely
Lassence v Tierney 1849 - 17The doner must make it clear what they intend to be held on trust Case?Palmer v Simmonds 1854
- 18Case relating to certainty of subject and shares?Hunter v Moss 1994
- 19The beneficial interest under the trust must be certain Case?Boyce v Boyce 1894
- 20The effect of lack of certainty of subject matter is...The trust will fail and the property will return to the settlor/estate on resulting trust
- 21Fixed trust test for certainty of object is..A full list of beneficiaries must be created/able to be created
IRC v Broadway Cottages Trust - 22The test for certainty of object in discretionary trusts is established in ___v____ and is:Mchpail v Doulton
Whether it could be said with certainty that any given individual is a member of the class - 23Define conceptual certaintyThe ability to define a class with certain from a description c
- 24Case for administrative unworkabilityR v District Auditor, ex parte West Yorkshire Met County Council 1986
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- Fichas sobre 3 certainties flash cards, creado por stephaniechaytor el 28/04/2015.
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