Law of Trust (Law relating to Trusts, Equity and Fiduciary Relationships)

Unit 1 — Introduction

concept of trust: distinction from agency and contract · common law and equity · classification · creation of trusts

Unit 2 — Duties of trustees

execution · title · care · conversion · impartiality · prevention of waste · accounts · investment · liability for breach of trust

Unit 3 — Rights of trustees

title deed · reimbursement · indemnity · direction from court · settlement of accounts · general authority

Unit 4 — Powers of trustees

varying investment · property of minors · receipts · compromise and settlement · suspension of power

Unit 5 — Liabilities of trustees

Unit 6 — Rights of beneficiaries

rents and profits · specific execution · information · transfer · follow trust property in hands of third parties

Unit 7 — Liabilities of beneficiaries

Unit 8 — Discharge of trustees

Unit 9 — Appointment of new trustees

Unit 10 — Extinction of trust

Unit 11 — Constructive trust: equitable and fiduciary relationship

cy-pres doctrine · transfer for illegal purposes · undue influence · duties of constructive trustees · rights of bona fide purchasers

Unit 12 — Special legislation

common property resources and public trust doctrine

Unit 13 — Nature and scope of equity

origin and growth · equity and common law · maxims of equity