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Equity: Trustee Powers (Investment) - Statistics
General Stats
- This quiz has been taken 0 times
- The average score is 0 of 25
Answer Stats
| Hint | Answer | % Correct |
|---|---|---|
| S.5 of the Trustee Act 2000 | Advice rules | 0%
|
| Relevant factors | Age and type of beneficiaries | 0%
|
| S.8 of the Trustee Act 2000 | Allows land investments | 0%
|
| Four points raised in this case | Avoid all investments that are attended with risk | 0%
|
| Regard for... | Diversification of investment | 0%
|
| What should a trustee seek advice for? | Diversifying investments S.5(2) | 0%
|
| S.3 of the Trustee Act 2000 | General power of investment | 0%
|
| What case rationalised this? | Harries v The Church Commissioners for England [1992] | 0%
|
| Who made the statement, 'Any lawyer who failed to include wider investing powers... would be guilty of professional negligence'? | Lord Goodhart | 0%
|
| Four points raised in this case | Must not choose investments the trust instrument doesn't allow | 0%
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| What case endorsed this? | Nestle v National Westminster Bank [1993] | 0%
|
| What is defined in S.5(4)? | Proper advice | 0%
|
| Four points raised in this case | Ratio of income:capital considered | 0%
|
| Four points raised in this case | Regard for interests of those entitled to income and future ones | 0%
|
| Case for where duty to invest derives? | Re Wragg [1919] | 0%
|
| What is the 'Portfolio Theory' | Should look at whole rather than individual investments | 0%
|
| Case that put forth a trustee would not be liable if he acted as the prudent man in the regular course of business? | Speight v Gaunt (1883) | 0%
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| S.4 of the Trustee Act 2000 | Standard Investment Criteria | 0%
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| Relevant factors | Structure of trust | 0%
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| Regard for... | Suitability of investment | 0%
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| What act limited investments to two categories? | Trustee Investment Act 1961 | 0%
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| Relevant factors | Value of fund | 0%
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| What should a trustee seek advice for? | When exercising power S.5(1) | 0%
|
| When should a trustee limit investments due to ethics | When it can be proved to be as good as or better than unethical one | 0%
|
| When does the exclusion apply? | When trustee themself has knowledge or expertise S.5(3) | 0%
|
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