constitution

Question 1

who is a volunteer and why is it important in the context of an incompletely consituted trust?

Answer 1

person who has not provided consideration

Question 2

true or false? once a settlor has declared a trust of personalty complying with the three certainties

Answer 2

depends on who the trustee is.

Question 3

how does the rule in re rose assist a beneficiary of an incompletely consituted trust

Answer 3

if the settlor has done everything in their power but action by third party is required

Question 4

true or false - the rule in strong v bird only applies to unpaid debts

Answer 4

false - the rule is applicable to all imperfect gifts

Question 5

true - donatio mortis causa is applicable whenever an old frail donor makes a gift

Answer 5

false - only applicable where the gift was made in the contemplation of death.

Question 6

true or false - the doctrine of promissory estoppel can only be used as a defence

Answer 6

can be used as a cause of action or as a defence.