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Chapter 7 Looking for extra marks
Return to Equity and Trusts Concentrate 8e Student Resources
Chapter 7 Looking for extra marks
Quiz Content
*
not completed
.
Which case considered that the dissolution of unincorporated associations meant that the purchase of raffle tickets, money in collection tins would be held to be
bona vacantia?.
Re Lipinski's WT
[1976] Ch 235
correct
incorrect
Re Bucks Constabulary Widows' and Orphans' Fund #2 [1979]
correct
incorrect
Re West Sussex Constabulary's Widows, Chidren and Benevolent Fund (1930)
correct
incorrect
Hanchett-Stamford v Attorney General [2008]
correct
incorrect
*
not completed
.
Which would be the best solution to the following wishes of a settlor;
Luke wants to donate £10,000 to the local book club so that they can buy books for the club to review?
A
Re Denley
Trust
correct
incorrect
To interpret it as a purpose trust
correct
incorrect
A gift to the members as joint tenants.
correct
incorrect
A gift to the members subject to their contract.
correct
incorrect
*
not completed
.
The Kenning Book Club had twenty members but over the years they have all died or moved from the village, now only Katie, the treasurer, is left. There is £2,000 left in the Club funds. What would be your advice on the ownership of the money?
In
Re Bucks Constabulary Widows' and Orphans' Fund #2 [1979]
it was suggested that, as the association ceased to exist when there was only one member, the money would be applied for the Crown as
bona vacantia.
correct
incorrect
Following the decision in
Hanchett-Stamford v Attorney General [2008]
the money would belong to Katie as the last survivor of the club.
correct
incorrect
Money collected by raffles and collection tins would be applied for the Crown as
bona vacantia
but larger legacies or donations should be held on resulting trusts.
correct
incorrect
All money would be held on resulting trusts.
correct
incorrect
*
not completed
.
How did Lord Millett explain the status of a
Quistclose Trust.
That the trust was a purpose trust and an extension of the anomalous exceptions
correct
incorrect
That there was a primary trust for the payment to shareholders. When this failed the secondary trust arose for the donor.
correct
incorrect
That there was a primary purpose trust and when this failed the secondary trust arose for the donor
correct
incorrect
That there was a trust for the donor, with the trustee being given a power to use it for a purpose.
correct
incorrect
*
not completed
.
Why did the trust in
Re Shaw's WT
(1957) fail?
The trust was not charitable as there was no public benefit; it also served no valid purpose and was capricious.
correct
incorrect
The trust was an invalid purpose.
correct
incorrect
The trust was not a valid charity.
correct
incorrect
The trust had no human beneficiaries.
correct
incorrect
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