Liability for breach of trust and fiduciary duty

Quiz Content

not completed
'A claimant has a primary right to a remedy upon the infringement of an equitable duty.'

not completed
Which of the following are true?

not completed
Which of the following are true?

not completed
Which of the following are true?
There may be more than one correct answer.

not completed
'Exemption clauses cannot exclude liability for breach of the statutory duty of care.'

not completed
According to Millett LJ in Armitage v Nurse, what duties are contained in the irreducible core of duties?

not completed
Liability for which of the following duties can be excluded?

not completed
Jill is a professional trustee. Jill was unsure whether exercising a power in a particular way would amount to a breach of trust. Jill sought legal advice. Jill followed the advice given, but it was wrong. She acted in breach of trust and caused damage to the interests of the beneficiaries.
Might Jill be relieved of liability under section 61?

not completed
Why might it be appropriate to extend the Unfair Contract Terms Act 1977 to cover exemption clauses in trust documents?

not completed
'Trustees are not liable for the acts of their co-trustees.'

not completed
Sam and Veronica are trustees. Both act in breach of trust. The beneficiary sues only Sam to obtain compensation. What does it mean for Sam to seek a contribution?

not completed
When might Veronica be fully liable to indemnify Sam?

not completed
'Where trustees are personally liable to a third-party creditor, they are always entitled to be indemnified from the trust fund.'

not completed
A trustee is liable in their personal capacity, but they do not have sufficient funds to discharge the liability. Can the third party seek to discharge the liability from the trust assets?

not completed
'It is possible for trustees to take out indemnity insurance to cover liability for breach of trust.'

Back to top