Which of the following situations is a situation in which the potential beneficiary may be entitled to common law remedy for failure to constitute a trust?
A) The settlor expressly covenanted with the beneficiary by deed to settle the property on them.
B) The beneficiary, due to the Contract (Rights of Third Parties) Act 1999, can have damages paid for any failure to constitute the trust, however that promise was expressed.
C) The beneficiary can require the trustee to bring an action on the beneficiary's behalf for failure to complete the trust obligation.
D) There are no situations in which common law can give damages for failure to constitute a trust.
Correct Answer:
Verified
Q1: Which of the following statements most accurately
Q2: Which of the following statement best describes
Q3: In 2013, Reginald moved into a flat
Q4: Three months ago, Bill agreed with Nixon
Q5: Who is a 'volunteer' in equity?
A) A
Q6: Which of the following is not recognised
Q7: Which of the following statements is not
Q8: Vincent was a wealthy widower who owned
Q9: Alma was diagnosed with throat cancer. She
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents