Solved

When Will the Courts Consider That a Purported Act of Trustees

Question 3

Multiple Choice

When will the courts consider that a purported act of trustees is not void?


A) Where the trust specifies that the terms of the trust may be varied by the trustees executing a deed of variation, and the trustees make a unanimous decision to vary the trust, but fail to use a deed.
B) Where the trustees of a trust to make grants towards the cost of educating the children of employees of a named company give a grant to the child of a cleaner (who is not employed by the company but works through an independent agency) .
C) Where the trustees of a trust to make grants towards the cost of educating the children of employees of a named company have a policy of giving only one grant per child, but in error make a second grant in respect of the same child.
D) Where the trustees make a decision to invest in fine art which they have been (incorrectly) advised by a solicitor is a decision which they can make, but is later discovered to be outside their investment powers.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents