Equity: Trustee Powers (Delegation) - Statistics

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Answer Stats

Hint	Answer	% Correct
How long does this delegation last?	12 months	0%
Who can NOT be an agent?	Beneficiary	0%
What is it known as when a trustee delegates some functions to a third party as a group?	Collective delegation	0%
What is it known as when a trustee delegates all functions to a third party on their own?	Individual delegation	0%
Are trustees automatically liable for an agents' actions	No	0%
When may a trustee be liable?	Not complied with S.1 Duty of Care	0%
When may a trustee be liable?	Not reviewing agents' actions	0%
When may a trustee be liable?	No written policy statement	0%
What statute allows to delegate functions?	S.11(2) Trustee Act 2000	0%
What section says WHO can be an agent?	S.12 Trustee Act 2000	0%
Section	S.16 Trustee Act 2000	0%
Section	S.17	0%
Section that restricts category of potential nominees?	S.19	0%
What section requires a trustee to review the policy document?	S.22(2)	0%
What section sets out liability for trustees for acts of an agent?	S.23	0%
What is the statute for this?	S.25 Trustee Act 1925	0%
What is a nominee?	Someone who holds legal title of assets for the trust	0%
What is a custodian?	Someone who takes custody of assets or title documents	0%

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