Investment

Quiz Content

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. Which of the following best describes "investment"?

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. Which of the following factors threatened to obstruct the implementation of modern portfolio theory in English law?

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. Which of the following is not within the standard investment criteria under section 4(1) of the 2000 Act?

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. What did Hoffmann J say in Nestle v National Westminster Bank Plc (1996) 10(4) TLI 11, Chancery Division?

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. What is the current general law on investment in land?

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. Which of the following cannot currently be a valid investment under the general law?

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. In the case of Nestle v National Westminster Bank Plc [1993] 1 WLR 1260, the trustees were cautious to the point of 'incompetence or idleness' (per Staughton LJ). When the claimant (the remainder beneficiary) became absolutely entitled to the trust fund in 1986 the fund was valued at £270,000. If the original fund had simply maintained its original purchasing power, how much would it have been worth 1986?

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. "The bias of the law of trustee investment is always towards_____"
Which is the missing word?

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. Which of the following factors will NOT justify placing ethical considerations ahead of purely financial considerations?

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. Crates of champagne are 'wasting assets' because their value decreases the more the champagne is consumed. Where a residuary estate held on trust for the benefit of life and remainder beneficiaries comprises crates of champagne, is the trustee obliged to sell the champagne and to re-invest in property which will more fairly meet the beneficiaries' respective interests in income and capital?

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