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E-grāmata: Pearce & Stevens' Trusts and Equitable Obligations

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Robert Pearce (Formerly Vice-Chancellor of the University of Wales, Lampeter and Professor of the Law of Property and Equity, University of Buckingham), Warren Barr (Head of Department and Professor in Law, University of Liverpool)

Formāts: 976 pages
Izdošanas datums: 30-Aug-2018
Izdevniecība: Oxford University Press
Valoda: eng
ISBN-13: 9780192525406

Citas grāmatas par šo tēmu:

Equity & trusts

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Formāts: 976 pages
Izdošanas datums: 30-Aug-2018
Izdevniecība: Oxford University Press
Valoda: eng
ISBN-13: 9780192525406

Citas grāmatas par šo tēmu:

Equity & trusts

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Written in a fresh and lively style and supported by a strong analytical framework, the seventh edition of Pearce & Stevens' Trusts and Equitable Obligations continues to provide students with a relevant and exciting examination of a subject that can seem remote and difficult.

The authors take a modern and conceptual approach to the wide array of topics covered in undergraduate equity and trusts modules, helping students explore the many ways in which trusts impact on everyday life, and in the world of finance and commerce. The text is accessible without compromising detailed critical comment, and engages with key issues such as the protection of privacy, enforcing informal promises, trusts and the family home, and assessing public interest in charities.

Online resources:
The text is accompanied by online resources containing updates and a glossary of terms for students. For lecturers the site provides a test bank of multiple choice questions and PowerPoint slides to use in teaching.

Recenzijas

Review from previous edition One of the best texts on the market...both accessible and stimulating, with a very good balance of practical illustration and academic rigour. * Dr Isobel Roele, Queen Mary University of London * Review from previous edition This textbook is well written and easy to follow, with comprehensive coverage and good examples to aid students' understanding. * Dr Margaret Carran, Senior Lecturer in Law and Deputy Associate Dean (Education), City, University of London *

Table of statutes

Table of cases

xxix

Glossary of common terms

lxv

Part I: The Importance of Equity

1 What is equity?

(23)

1 Introduction

(1)

2 The concept of equity

(1)

3 The origins of equity

(6)

4 Trusts and powers

(5)

5 Equity and property

(7)

6 Equitable remedies

(1)

7 The creativity of equity

(1)

8 The maxims of equity

(4)

2 Equitable obligations

(18)

1 Introduction

(1)

2 Trust funds

(2)

3 Trustees are subject to obligations

(4)

4 The rights of beneficiaries

(2)

5 Classification of equitable obligations

(8)

6 A practical guide to interpretation

(2)

3 Equity and the management of property

(25)

1 Introduction

(1)

2 Hiding the identity of the true owner of property

(1)

3 Transferring the ownership of property

(1)

4 Sharing ownership of property

(2)

5 Protecting equitable interests in property

(1)

6 Delegating management or allocation functions

(3)

7 Gifts to be applied for purposes

(1)

8 Gifts for charitable purposes

(1)

9 Collective investment

(4)

10 Property holding by clubs and societies

(1)

11 Trusts arising to protect legitimate expectations

(1)

12 Trusts that are remedial in effect

(1)

13 Trusts and tax planning

(2)

14 Arrangements without trusts

(10)

Part II: Creating the Relationship

4 Certainty

(23)

1 Introduction

(1)

2 The three certainties

(1)

3 Certainty of intention

(4)

4 Certainty of subject matter

(4)

5 Certainty of objects

(12)

6 Contagious uncertainty

(2)

5 Constitution of trusts

(30)

1 Introduction

(1)

2 Two ways of creating a valid trust

(2)

3 Requirements of an express trust

(1)

4 Constitution of trusts

(4)

5 Constituting the trust by transfer

(8)

6 Ineffective transfers and declaration

107

(1)

7 Enforcing a trust

107

(3)

8 Exceptions to the rule that 'equity will not assist a volunteer'

110

(7)

9 Common law remedies for incompletely constituted trusts

117

(5)

6 Formalities

122

(14)

1 Introduction

122

(1)

2 Inter vivos declarations of trust

122

(3)

3 Declarations of trusts by will

125

(1)

4 Dispositions of subsisting equitable interests

126

(9)

5 Resulting and constructive trusts

135

(1)

7 Policy limits

136

(11)

1 Introduction

136

(1)

2 The rule against perpetuities

136

(3)

3 Conditional and determinable interests

139

(8)

Part III: Resulting and Constructive Trusts

8 Resulting trusts

147

(43)

1 Introduction

147

(1)

2 What are resulting trusts?

147

(1)

3 Distinguishing resulting trusts

148

(2)

4 Rationale of resulting trusts

150

(4)

5 Presumed resulting trusts

154

(19)

8 Resulting trusts operating to reverse unjust enrichment?

173

(3)

6 Automatic resulting trusts

176

(5)

7 Quistclose trusts

181

(8)

8 Charitable trusts

189

(1)

9 Exhaustion of a fund

189

(1)

9 Constructive trusts

190

(27)

1 Introduction

190

(2)

2 The role of constructive trusts

192

(2)

3 Preventing benefit from crime

194

(6)

4 Common intention constructive trusts

200

(1)

5 Enforcing bargains

201

(5)

6 The 'remedial constructive trust'

206

(11)

Part IV: Equity in Action

10 Interests in the family home

217

(23)

1 Introduction

217

(3)

2 The current approach

220

(3)

3 Features of the current approach

223

(1)

4 Express trusts

224

(3)

5 Applying the current approach

227

(10)

6 Criticism of the 'common intention' constructive trust

237

(3)

11 The evolution of rights in the family home

240

(19)

1 Introduction

240

(1)

2 The deserted wife's equity

240

(1)

3 A proprietary interest in the home

241

(1)

4 Resulting trusts

241

(6)

5 Common intention constructive trusts

247

(12)

12 Proprietary estoppel

259

(28)

1 Introduction

259

(1)

2 The nature of proprietary estoppel

259

(1)

3 Establishing the equity

260

(15)

4 Satisfying the equity

275

(11)

5 Bars to a remedy

286

(1)

13 Clubs and societies

287

(15)

1 Introduction

287

(1)

2 Types of clubs and societies

287

(1)

3 The problem of asset holding and management

288

(7)

4 Dissolution of clubs and societies

295

(1)

5 Surplus funds on dissolution

296

(5)

6 Critique

301

(1)

14 Wills and inheritance

302

(49)

1 Introduction

302

(1)

2 Methods of making provision after death

302

(4)

3 Probate

306

(1)

4 Intestacy

306

(2)

5 Wills

308

(11)

6 Mutual wills

319

(11)

7 Secret trusts

330

(21)

Part V: Charities

15 The role and status of charities

351

(11)

1 Introduction

351

(1)

2 Charities in society

351

(5)

3 Mechanisms for charitable giving

356

(1)

4 The unity of charity

357

(1)

5 Regulation and control of charities

357

(1)

6 Negative perceptions of charity

358

(1)

7 Privileges enjoyed by charitable trusts

358

(4)

16 Charitable trusts

362

(60)

1 Introduction

362

(1)

2 Defining charitable trusts

362

(4)

3 Charitable purposes

366

(24)

4 Recognizing new charitable purposes

390

(2)

5 Charitable purposes overseas

392

(1)

6 Trusts with political objects

393

(7)

7 The requirement of public benefit

400

(18)

8 Interpreting charitable gifts

418

(4)

17 Cy-pres: redistributing funds and changing purposes

422

(15)

1 Introduction

422

(2)

2 Circumstances justifying cy-pres application

424

(2)

3 Subsequent failure of charitable gifts

426

(1)

4 Initial failure of charitable gifts

427

(5)

5 Cy-pres schemes

432

(2)

6 Failure of charitable appeals

434

(1)

7 Reform of cy-pres

435

(2)

18 Control and regulation of charitable trusts

437

(26)

1 Introduction

437

(1)

2 Features of the regulatory system

438

(5)

3 The Charity Commission

443

(20)

Part VI: Allocation of Benefit

19 Choosing who benefits

463

(15)

1 Introduction

463

(1)

2 Certainty

463

(1)

3 Beneficial entitlement and ownership

463

(2)

4 Purpose trusts

465

(8)

5 Charitable and benevolent giving

473

(1)

6 The duty to act even-handedly

473

(5)

20 Fixed trusts

478

(10)

1 Introduction

478

(1)

2 Nature of a fixed trust

478

(1)

3 Uses of fixed trusts

479

(4)

4 Beneficial entitlement to defined interests

483

(1)

5 Certainty of objects

484

(1)

6 Execution and performance

484

(1)

7 Dealing with the equitable interest

485

(3)

21 Powers of appointment

488

(20)

1 Introduction

488

(1)

2 Nature of powers of appointment

488

(3)

3 Rights of the objects of powers

491

(1)

4 The validity of powers of appointment

491

(1)

5 Exercise of powers of appointment

492

(2)

6 Duties of the donee of a mere power of appointment

494

(3)

7 Failure to exercise a mere power

497

(3)

8 When is a power fiduciary?

500

(1)

9 Duties of the donee of fiduciary powers

501

(1)

10 Supervision by the court of fiduciary powers

502

(2)

11 Effect of failure to exercise a fiduciary power

504

(1)

12 Release of powers

504

(4)

22 Discretionary trusts

508

(13)

1 Introduction

508

(1)

2 The nature of discretionary trusts

508

(2)

3 The development of the discretionary trust

510

(1)

4 Types of discretionary trusts

510

(1)

5 Essential validity of discretionary trusts

511

(5)

6 Rights of beneficiaries of discretionary trusts

516

(1)

7 The duties of trustees of discretionary trusts

517

(2)

8 Protectors

519

(1)

9 Enforcement by the court

519

(2)

23 Powers of maintenance and advancement

521

(9)

1 Introduction

521

(1)

2 What are powers of maintenance and advancement?

521

(1)

3 Changes in the law

521

(1)

4 The trustees' power of maintenance

522

(4)

5 The trustees' power of advancement

526

(4)

24 Variation of beneficial interests

530

(21)

1 Introduction

530

(1)

2 Consensual variation

531

(1)

3 Variation under the inherent jurisdiction of the court

532

(3)

4 Miscellaneous statutory powers

535

(2)

5 The Variation of Trusts Act 1958

537

(14)

Part VII: Managing Trusts

25 Management and delegation

551

(16)

1 Introduction

551

(1)

2 The extent of management powers

552

(4)

3 Delegation by trustees

556

(1)

4 Delegation at common law

557

(2)

5 A statutory right to delegate

559

(1)

6 The current statutory framework

560

(5)

7 Individual delegation

565

(2)

26 Investment

567

(25)

1 Introduction

567

(1)

2 The purpose of investment

568

(1)

3 Powers of disposal

569

(2)

4 Authorized investments

571

(7)

5 Widening of powers of investment

578

(1)

6 Theories of investment

579

(3)

7 Duties

582

(8)

8 Delegation

590

(2)

27 Appointing and changing trustees

592

(25)

1 Introduction

592

(1)

2 The original trustees

592

(3)

3 Retirement of trustees

595

(1)

4 Appointing new trustees

596

(2)

5 Trustee Act 1925, s 36

598

(6)

6 Trustee Act 1925, s 41

604

(5)

7 Trusts of Land and Appointment of Trustees Act 1996

609

(1)

8 Appointment of special trustees

610

(2)

9 The court's inherent jurisdiction

612

(5)

Part VIII: Checks, Controls, and Remedies

28 Control and accountability

617

(20)

1 The need for control and accountability

617

(2)

2 The means of control

619

(4)

3 The duty to exercise discretions properly

623

(6)

4 Are trustees required to give reasons for their decisions?

629

(2)

5 Information about the trust

631

(6)

29 Remedies against the trustee for breach of trust

637

(35)

1 Introduction

637

(1)

2 Meaning of breach of trust

637

(10)

3 Compensation for breach of trust

647

(9)

4 Defences to liability for breach of trust

656

(12)

5 Contribution and indemnity where a trustee is liable

668

(4)

30 Fiduciary duties

672

(41)

1 Introduction

672

(1)

2 Fiduciary relationships

672

(8)

3 Fiduciary duties

680

(1)

4 Abuse of position

681

(2)

5 Unauthorized remuneration

683

(2)

6 Purchase of trust property by trustees

685

(3)

7 Bribes and secret commissions

688

(1)

8 Incidental profits

689

(3)

9 Opportunities

692

(3)

10 Use of confidential information

695

(2)

11 Liability for breach of fiduciary duty

697

(5)

12 Remedies for breach

702

(7)

13 Defences to an action for breach of fiduciary duty

709

(4)

31 Remedies against strangers to the trust

713

(35)

1 Introduction

713

(1)

2 When can strangers be liable?

713

(4)

3 Trustees de son tort

717

(2)

4 Dishonest assistance in breach of trust

719

(12)

5 Proprietary remedies for receipt in breach of trust

731

(1)

6 Liability for unconscionable receipt

731

(15)

7 Mapping a way through personal stranger claims

746

(2)

32 Tracing

748

(51)

1 Introduction

748

(1)

2 What is tracing?

748

(10)

3 Tracing and claiming at common law

758

(10)

4 Tracing and claiming in equity

768

(31)

Part IX: Equity's Contribution to Remedies

33 Rescission, rectification, and account

799

(18)

1 Introduction to equitable remedies

799

(1)

2 Where equity intervenes

799

(1)

3 Rescission

800

(10)

4 Rectification

810

(3)

5 Account

813

(4)

34 Specific performance

817

(14)

1 Introduction

817

(1)

2 Specific performance

817

(1)

3 When is specific performance available?

818

(3)

4 Contracts where specific performance is not available

821

(6)

5 Mutuality

827

(1)

6 Defences to specific performance

828

(2)

7 Damages in lieu of specific performance

830

(1)

8 Effect of order of specific performance

830

(1)

35 Injunctions

831

(36)

1 Introduction

831

(1)

2 Types of injunction

832

(2)

3 General principles governing perpetual injunctions

834

(7)

4 General principles governing interlocutory injunctions

841

(6)

5 General principles governing quia timet injunctions

847

(1)

6 Rights which will be protected by injunction

848

(5)

7 Injunctions to protect privacy, and reputation

853

(6)

8 Freezing injunctions

859

(5)

9 Search orders

864

(3)

Index

867

Robert Pearce is Professor Emeritus of the University of Buckingham, and of the University of Wales Trinity Saint David. He is former Vice-Chancellor of the University of Wales, Lampeter, sometime Professor of the Law of Property and Equity at the University of Buckingham, and has held academic appointments at the University of Newcastle upon Tyne, the University of Lancaster, University College Cork, and the University of Western Ontario. He is Visiting Professor at the University of Gloucestershire.

Warren Barr is Professor in Law and Head of Department (Liverpool Law School), School of Law and Social Justice, the University of Liverpool. He is a current member, and ex-Director, of the Charity Law and Policy Unit, Liverpool Law School. He is also Principal Fellow of the Higher Education Academy, and was named Law Teacher of the Year 2006.

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