Fiduciary Duties Flashcards
0
Q
The Director will not have used trust property of all of the votes of the shares had been cast against him
A
Re Gee
1
Q
The self dealing rule is interpreted strictly
A
Ex P Lacey
2
Q
If a trustee gains information or an opportunity by being a trustee then he is accountable for any profit that comes from that opportunity
A
Boardman v Phipps
3
Q
Trustees may only be liable for proprietary action if they used an opportunity belong to the trust
A
Sinclair Investments
4
Q
Strict liability applies to company’s directors
A
Regal Hastings v Gulliver
5
Q
Trustees must not set themselves up in competition with the trust
A
Re Thompson
