Equity and Trusts - Constitution and certainty

Descrição

post grad Equity and trusts FlashCards sobre Equity and Trusts - Constitution and certainty, criado por Robin Pearce em 30-05-2015.
Robin Pearce
FlashCards por Robin Pearce, atualizado more than 1 year ago
Robin Pearce
Criado por Robin Pearce mais de 9 anos atrás
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Resumo de Recurso

Questão Responda
What are the 3 certainties? 1. Intention 2. Subject matter 3. Objects
case 3 certainties came from? Knight v knight
Process for inter vivos gift? 1. Mental capacity 2. 3 certainties 3. Formalities for transfer
Certainty of intention - case for precatory wording cannot be used Adams v Kensington Vestry
Certainty of subject - Case for Proportion of a tangible stock is too uncertain London wine company
Certainty of subject - Case for Proportion of a intangible stock is certain Hunter v Moss
Certainty of Subject - Case to say 'the bulk of my residuary estate' is too uncertain? Palmer v simmonds
Certainty of subject - Case for if there is a way to calculate 'a reasonable income' such as where someone had already been getting a steady income this can be sufficiently certain? Re Golay
Certainty of Object - what is the test and case for a fixed trust? complete list test - IRC v Broadway cottages
Certainty of Object - what is the test and case for a discretionary trust? 'is or is not' test - McPhail v doulten
Case which established conceptual certainty? Re Baden - a class of beneficiaries must be 'conceptually certain' to satisfy the is or is not test of McPhail v doulten
What is conceptual certainty? It is a linguistic test which means a class will be conceptually certain when the description enables the class to be clearly identified
What is the requirement for a 'complete list test? It must be possible to draw up a 'complete list of beneficiaries' - from IRC v Broadway Cottages
Case which established the maxin 'Equity will not perfect an imperfect gift'? Milroy v Lord - relating to incomplete share transfers
Case which established the maxin 'Equity will not assist a volunteer'? Richards v Delbridge
What is the principle of Re Rose? The 'every effort' test - if the transforor has done everythng in their power to complete the transfer and all other matters rest in the hands of a third party
What are the requirements of Strong v Bird? 1. The donor intended an immediate gift of defined property 2. the intention remained unchanged until the donors death 3. The intended donee became the donors executer or personal representative
Case for unconscionable to retract a gift? Pennington v Waine - if transferor has done everything in their power and either changes their mind or there is a third party fault and it would be unconscionable to go back
Case on 'administrative unworkability'? R v District Auditor ex P West Yorks Met CC
DMC stands for? Donatio Mortis Causia
Requirements for a donatio mortis Causia? 1. Contemplation of death 2. Contingent on death 3. Actual or constructive delivery
Can a cheque come under a DMC? Nope! The donors death terminates the banks authority to pay on it. If the cheque is paid before the bank is informed of the donors death and the account closed - in this case there would be a donatio of the money represented by the cheque rather than the cheque itself
Case which established a DMC Cain v Moon
Opinion Clause - pub landlord? Re Coxen
Opinion clause - chief rabbi Re Tuck

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