Institute of Commercial Management | Qualification Subject

Law of Equity & Trusts (The)

Main Topics of Study

Course Content:

  • History and outline of equitable jurisdiction
  • Nature and classification of trusts
  • Constitution of trusts – covenants to settle
  • The three certainties
  • Private purpose trusts and unincorporated associations
  • Formalities for validity
  • Perpetuities
  • Beneficial interests of cohabitees
  • Secret and half-secret trusts
  • Equitable fraud doctrine
  • An introduction to charity
  • Legal definition of charity
  • Cy-pres
  • The office of trustee
  • Power, discretions and duties of trustees
  • Breach of trust
  • Variation of trusts
  • Remedies
  • Trusts, conscience and restitution

Cases and Materials:

  • Beswick v Beswick [1968]
  • re Ralli’s WT [1964]
  • re Golay’s WT [1965]
  • re Hay’s ST [1982]
  • re Gestetner’s Settlement [1953]
  • re Astor’s ST [1952]
  • Leahy v AG for New South Wales [1959]
  • Vandervell v IRC [1967]
  • Lloyd’s Bank Plc v Carrick [1996]
  • The Rule Against Perpetuities (Law Commission Consultation Paper) [1993]
  • re Denley’s Trust Deed [1969]
  • Law Commission No 251 [1998]
  • Midland Bank v Cooke [1995]

Recommended Reading

Main Text:

<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-eu.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=GB&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=icm0bb-21&marketplace=amazon&region=GB&placement=1841740241&asins=1841740241&linkId=38a641e8f2c2e2b493a34ccbbd6fad81&show_border=false&link_opens_in_new_window=true"></iframe>

Textbook on Trusts – Todd & Lowrie (Blackstone Press)

Indicative Text:

Alternative Text and Further Reading:

The Trusts of Land & Appointment of Trustees Act 1996 – Kenny (Sweet & Maxwell)