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Chapter 17 Multiple choice questions
Return to Complete Equity and Trusts 5e Resources
Chapter 17 Multiple choice questions
Quiz Content
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not completed
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The best way for an unmarried, cohabiting couple to protect their respective claims to their shared home is to
Live together for ten years
correct
incorrect
Make a written declaration of trust
correct
incorrect
Make equal financial contributions
correct
incorrect
Put the legal estate in joint names
correct
incorrect
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A person may claim an equitable interest in a property under a resulting trust if
Both parties have agreed that they have a share
correct
incorrect
The claimant has acted to their detriment
correct
incorrect
The claimant has made a financial contribution towards the purchase of the property
correct
incorrect
It would be unconscionable to deny their claim
correct
incorrect
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If a claimant is successful in claiming an equitable share in a house under a proprietary estoppel, the size of that share is
The minimum equity to do justice
correct
incorrect
What was promised
correct
incorrect
Determined by the whole course of dealing between the couple in relation to the property.
correct
incorrect
Whatever is fair
correct
incorrect
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not completed
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There are two categories of trust in
Lloyds Bank plc v Rosset
1991 1 AC 107. The first category is based
upon an oral agreement between the parties and one
of the parties relying on that agreement and acting to
their detriment. The oral agreement
Must precisely define what the parties have agreed
correct
incorrect
Can be inferred from the conduct of the parties in sharing the house
correct
incorrect
Can be made at any time
correct
incorrect
Must be based on evidence of an express discussion
correct
incorrect
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Which of the following would not qualify as detrimental reliance?
Housekeeping and looking after children
correct
incorrect
A man carrying out extensive building work on the house
correct
incorrect
A woman carrying out extensive building work on the house
correct
incorrect
Moving to another country and giving up secure accommodation
correct
incorrect
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The second category of trust in
Lloyds Bank plc v Rosset 1991 1 AC 107
applies where no oral agreement
to share can be found. Instead the claimant
must show that they made a financial contribution. Which of the following would
not
qualify as a financial contribution?
Payment of a deposit
correct
incorrect
Payment of household bills
correct
incorrect
Direct payment of part of the purchase price
correct
incorrect
Payment of mortgage instalments
correct
incorrect
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When the court decides the size of the couple's respective shares what is the most important and determining factor?
Whether the couple have agreed the size of their shares
correct
incorrect
The respective size of their financial contributions
correct
incorrect
Equality is equity
correct
incorrect
The whole course of dealing between them in relation to the property
correct
incorrect
*
not completed
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The presumption in
Stack v Dowden
[2007] 2 All ER 929 is that if the couple are joint tenants in law, they will also be joint tenants in equity. However, the court awarded 65% of the value of the house to Ms Dowden and 35% to Mr Stack. Why?
Because the main earner was a woman
correct
incorrect
Because Ms Dowden needed to maintain a home for her four children
correct
incorrect
Because they kept their financial affairs rigidly separate
correct
incorrect
Because Mr Stack only paid part of the mortgage
correct
incorrect
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The majority of judges in Stack v Dowden 2007 2 All ER 929 held that the trust in this area of the law was a constructive trust, but Lord Neuberger thought it was a resulting trust. If it had been a resulting trust, what difference would this have made to outcome of the case?
No difference
correct
incorrect
The shares would have been equal
correct
incorrect
Ms Dowden would have received a larger share
correct
incorrect
Mr Stack would have received a larger share
correct
incorrect
*
not completed
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In
Jones v Kernott
[2012] 1 AC 776 the Supreme Court decided that it was possible, in some circumstances, to
impute
a common intention. What does this mean?
The court looks at what the couple has orally agreed.
correct
incorrect
The court should assume that the couple held the property in equal shares, unless the contrary was proved
correct
incorrect
The court looks at the evidence to decide the couple's common intention.
correct
incorrect
The court decides what the couple would have intended if they had thought about it and awards fair shares.
correct
incorrect
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