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Category > Law Posted 08 Jan 2021 My Price 25.00

Equity, trusts and wills

Question One Critically evaluate the statement that: “…constructive trusts…operate randomly and incoherently...” (Hudson A Great Debates in Equity and Trusts (Palgrave, 2014)) Your answer must be supported by reference to relevant case law and legislation 25 Marks Question Two Aristotle described equity as both superior to law and just. Critically analyse the extent to which the proposition that equity is superior to common law remains true. Your answer must be supported by reference to relevant case law and legislation. 25 Marks Page 4 of 9 [394] Question Three Eric died in February 2017, leaving the following gift in his will: "£500,000 to the Flaubert Appreciation Society (the ‘FAS’) to be used to enable members to go on study visits to Paris, France". The FAS was a non-charitable unincorporated association founded in 2004 and Eric was a keen supporter of its activities. During his lifetime he had donated £45,000 towards the purchase of a club house for them out of a total cost of £64,000. He had also been to every Flaubert themed social event that they had held to raise funds. Eric was not, however, a member of FAS. The FAS’s funds had also been raised by membership subscriptions, street collections and by fund raising events such as concerts and raffles. In March 2017, FAS decided to sell all their assets and to disband the club. It is understood that a considerable surplus remained after FAS’s debts had been paid off. Advise the FAS’s treasurer on the proper disposition of the surplus funds. 25 Marks Question Four You are a lawyer at Arden LLP. You represent Yvonne who has asked you to draft her will. Read the attendance note provided on the next page. The attendance note includes Yvonne’s personal details and instructions. Then draft Yvonne’s will. Your will should comply with the formalities required by the Wills Act 1837. 25 Marks

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SmartExpert
(118)
Status NEW Posted 08 Jan 2021 01:01 PM My Price 25.00

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Attachments

file 1610112208-Equity trusts and wills Answer.docx preview (3632 words )
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