* not completed

. What type of property are shares in a company?

Chattels personal correct incorrect

Chattels real correct incorrect

Real Property correct incorrect

Choses in action correct incorrect

* not completed

. Which of the following is no longer required to make a valid deed?

Signature correct incorrect

Witnesses correct incorrect

Delivery correct incorrect

A seal correct incorrect

* not completed

. A chattel can be transferred…

By writing correct incorrect

By manual delivery correct incorrect

By using the official form correct incorrect

Orally correct incorrect

* not completed

. For which type of property must the declaration of trust be made in writing?

Land correct incorrect

Goods correct incorrect

Shares correct incorrect

Choses in action correct incorrect

* not completed

. Why was writing not required in Re Vandervell (No 2) [1974] Ch 269?

A resulting trust arises by operation of law correct incorrect

A declaration of trust of shares requires no writing correct incorrect

No separate writing is required when the equitable interest moves with the legal estate correct incorrect

It was a constructive trust correct incorrect

* not completed

. In Milroy v Lord (1862) 4 D & G, F & J 264 why did the settlor fail to establish a trust?

The settlor had failed to transfer the shares to the trustees correct incorrect

The settlor had failed to tell the trustees that he held the shares on trust correct incorrect

The settlor had failed to declare himself a trustee of the shares correct incorrect

The trustee failed to transfer the shares correct incorrect

* not completed

. Why were the court in Pennington v Waine [2002] 1 WLR 2075 willing to make an exception to the principles laid down in Milroy v Lord (1862) 4 D & G, F & J 264?

The settlor was attempting to make a gift, not establish a trust correct incorrect

The settlor at least sent the share transfer forms to the company correct incorrect

It would be unconscionable not to give effect to the wishes of the settlor correct incorrect

It was the clear intention of the settlor to make a gift correct incorrect

* not completed

. An incompletely constituted trust is…

A trust where the property has not been properly transferred to the trustees correct incorrect

A trust where the declaration of trust has been improperly made correct incorrect

A trust where a party has not kept their promise to transfer property to the trust correct incorrect

A trust where the beneficiaries cannot enforce the trust correct incorrect

* not completed

. Why cannot beneficiaries enforce covenants to transfer property to the trustees?

Because it would be inequitable to allow them to do so correct incorrect

The covenant refers to property that does not yet exist correct incorrect

The beneficiaries are not parties to the contract in the covenant correct incorrect

Beneficiaries cannot enforce a trust correct incorrect

* not completed

. What is a marriage settlement?

A trust of the family home correct incorrect

Any trust that a married couple make correct incorrect

A trust that provides for the marrying couple and the family that they hope to have correct incorrect

An agreement between a married couple on how they hold their joint assets correct incorrect

* not completed

. Which of the following cannot enforce the covenant in a marriage settlement?

The children of the marriage correct incorrect

The husband and wife correct incorrect

The trustees correct incorrect

The next of kin correct incorrect