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Equity&Trusts 3 Certainties

Hannah Posner 11 questions

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Questions in this quiz (11)

  1. 1Certainty of: [blank_start]Intention[blank_end] -> [blank_start]Subject Matter[blank_end] -> [blank_start]Objects[blank_end]
    1. AIntention
    2. BSubject Matter
    3. CObjects
  2. 2Certainty of Intention: is trust intended?
    Equity looks to form RATHER THAN intent -> must consider: language & conduct
    1. ATrue
    2. BFalse
  3. 3[blank_start]Precatory[blank_end] (indicates gift) / [blank_start]imperative words[blank_end] (duty/command = indicates trust)
    1. APrecatory
    2. BImperative Words
    3. CImperative Words
    4. DPrecatory
  4. 4Certainty of Intent: LANGUAGE
    [blank_start]Lambe[blank_end] v Eames (1870-1) LR 6 Ch App 597 – estate – widow ‘be at her disposal in any way she may think best, for benefit of herself & family’ HELD: gift NOT trust

    Re Diggles (1888) 39 Ch D 253 – ‘my desire’ HELD: [blank_start]NO trust[blank_end] – mere request – needs particular words to equate a trust

    [blank_start]Alfred[blank_end] Kinlock v The Secretary of State for India In Council (1882) 7 App Cas 619 – used term ‘in trust’ HELD: NO trust b/c word ‘trust’ [blank_start]doesn’t[blank_end] equate to trust

    Comiskey and Others v Bowring-Hanbury and Another [1905] AC 84 – ‘in full confidence’ HELD: TRUST created b/c whole showed [blank_start]clear intention[blank_end]
    1. ALambe
    2. BAlfred
    3. CAlfred
    4. DLambe
    5. ENO trust
    6. Ftrust
    7. Gdoesn’t
    8. Hdoes
    9. Iclear intention
    10. Junclear intention
  5. 5Certainty of Intent: CONDUCT:
    [blank_start]Jones v Lock[blank_end] (1865-6) LR 1 Ch App 25 – father/cheque/’I give this to baby for himself’ – expressing intention HELD: [blank_start]NO trust/gift[blank_end] -> v.dangerous for precedents - use convos in imp transactions

    [blank_start]Paul v Constance[blank_end] [1977] 1 WLR 52 – ‘money is as much yours as mine’ repeated multiple times HELD: entitled to ½ of funds.
    1. ANO trust/gift
    2. Btrust/gift
    3. CJones v Lock
    4. DPaul v Constance
    5. EPaul v Constance
    6. FJones v Lock
  6. 6Certainty of Objects: what property is held on trust & what are the beneficial interest?
    1. ATrue
    2. BFalse
  7. 7Certainty of Subject Matter: LACK: = trust fails -> property returns -> settlor/estate

    Peck v Halsey (1726) - bequeathed '[blank_start]some[blank_end] of her best linen' HELD: void -b/c- [blank_start]uncertain[blank_end] - quality & quantity

    Palmer v Simmonds (1854) 'bulk' = NOT whole but greater part = [blank_start]NO trust[blank_end]

    Re London Wine Co [1986] [blank_start]bottles[blank_end] not IDed / separated HELD: property remains as NO certainty

    Hunter v Moss [1994] shares -> company HELD: NOT void -b/c- [blank_start]indistinguishable[blank_end]
    1. Asome
    2. Ball
    3. Cuncertain
    4. Dcertain
    5. ENO trust
    6. Ftrust
    7. Gbottles
    8. Hshares
    9. Iindistinguishable
    10. Jdistinguishable
  8. 8Certainty of Subject Matter: BENEFICIAL INTEREST - extent:

    Boyce v Boyce (1849) HELD: FAILED -b/c- [blank_start]NOT clearly[blank_end] IDed

    Re Golay's Will Trust [1965] HELD: '[blank_start]reasonable[blank_end] income' = [blank_start]effective[blank_end] yardstick -> intention & quantity
    1. ANOT clearly
    2. Bclearly
    3. Creasonable
    4. Deffective
  9. 9Certainty of Objects: who are the beneficiaries?

    LACK: trust fails -> property returns -> settlor/estate

    FIXED TRUST: Inland Revenue Commissioners v Broadway Cottages Trust [1955]
    1. AFixed Trust: ALL beneficiaries MUST be identifiable = LIST TEST
    2. BFixed Trust: SOME beneficiaries MUST be identifiable = LIST TEST
  10. 10Certainty of Objects:
    DISCRETIONARY TRUST:

    [blank_start]McPhail[blank_end] & Others v [blank_start]Doulton[blank_end] & Others - Re Baden's Trust [1971] transfer shares -> benefit - company, relatives & dependants HELD: conceptual [blank_start]uncertainty[blank_end] & evidential difficulty

    Re Baden's Deed Trust [1973] dicretionary trust HELD: 'relatives' = evidential difficulty BUT contemptually [blank_start]certain[blank_end]

    Re Barlow's Will Trust [1979] for family & friends HELD: had individual opportunity -> [blank_start]gift[blank_end]

    R v District Auditor Ex p. West Yorkshire Met [1986] 'any OR all inhabitants' HELD: [blank_start]unworkable[blank_end] as too wide
    1. AMcPhail
    2. BDoulton
    3. Cuncertainty
    4. Dcertain
    5. Egift
    6. FNO gift
    7. Gunworkable
    8. Hworkable

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Description
- law and crim y2 (Equity and Trusts) Quiz on Equity&Trusts 3 Certainties, created by Hannah Posner on 04/05/2018.
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