Equity and Trusts
Rhedir gan School of History, Law and Social Sciences
20.000 Credyd neu 10.000 Credyd ECTS
Trefnydd: Dr Marie Parker
The aims of the module are to ensure that students are able to understand equitable principles and the way in which equitable principles affect people in their everyday lives. The module will explore the importance, creation and use of trusts.
The module will include but will not be limited to the following topics: the development of equity and the nature of trusts, variation of trusts, the three certainties, constitution and formalities, charitable trusts, cy-pres doctrine, resulting and constructive trusts, Quistclose trusts, the fiduciary relationship, the distinction between a breach of trust and a breach of a fiduciary duty, trustees' duties, remedies, defences, tracing, dishonest assistance and knowing receipt. Students will also gain an understanding of unjust enrichment within this module.
Threshold: D- to D+ (40-49%) An answer which, while predominantly correct in its presentation of material, contains a significant level of error and is therefore not entirely reliable.
Good: B- to B+ (60-69%) High Standard: A comprehensive answer, containing all the material relevant to the question and no irrelevancy, all the material and references being accurate and correct, there being no inaccuracy or error, the whole presented in an argument which, while clear, logical and critical, leaves room for improvement in its construction and presentation. An answer which shows complete competence in the subject.
Excellent: A- to A* (70+%) An outstanding, possibly brilliant, answer, containing all the material relevant to the question and no irrelevancy, all the material and references being accurate and correct, there being no inaccuracy or error, the whole presented in a clear, logical, critical argument with little room for improvement. An answer which demonstrates a complete mastery of the subject.
C- i C+
C- to C+ (50-59%) An answer which, while always in the main accurate and correct, fails to distinguish between relevant and irrelevant material and is lacking in criticism. An answer which while reliable with regard to correctness is either not comprehensive or not entirely pertinent.
Demonstrate knowledge of the distinction between the legal estate and the equitable interest and to be aware of the distinction between real and personal property
Be able to identify the key requirements for the creation of a valid express trust and to be able to cite relevant statutory authority and common law principles in connection therewith.
Have a critical understanding of implied trusts, and to show an appreciation of the underlying conceptual and theoretical basis for such trusts.
Show a critical understanding of the key distinction between a breach of fiduciary duty and breach of trust.
Show a critical understanding of the duties and liabilities of trustees.
Show a critical awareness of the differences between the personal and proprietary remedies of beneficiaries.
Be able to apply their knowledge to accurately state when an account has either been surcharged or falsified and to be able to state accurately when and how beneficiaries can avail themselves of the ability to trace into assets, using common law and equitable principles.
40% of the assessment for this module will consist of a 2,500 word essay. The word limit excludes footnotes and bibliography.
60% of the assessment for this module will consist of a 2 hour exam.
Strategaeth addysgu a dysgu
Students will meet in groups to discuss the Tutorial questions and the answers that they have prepared in advance of the session.
Students will be expected to carry out private study. During this time, students will carry out background reading and research.
There will two x 2 hour lectures per week.
- Llythrennedd - Medrusrwydd mewn darllen ac ysgrifennu drwy amrywiaeth o gyfryngau
- Defnyddio cyfrifiaduron - Medrusrwydd wrth ddefnyddio ystod o feddalwedd cyfrifiadurol
- Hunanreolaeth - Gallu gweithio mewn ffordd effeithlon, prydlon a threfnus. Gallu edrych ar ganlyniadau tasgau a digwyddiadau, a barnu lefelau o ansawdd a phwysigrwydd
- Archwilio - Gallu ymchwilio ac ystyried dewisiadau eraill
- Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
- Sgiliau Rhyngbersonol - Gallu gofyn cwestiynau, gwrando'n astud ar atebion a'u harchwilio
- Dadansoddi Beirniadol & Datrys Problem - Gallu dadelfennu a dadansoddi problemau neu sefyllfaoedd cymhleth. Gallu canfod atebion i broblemau drwy ddadansoddiadau ac archwilio posibiliadau
- Cyflwyniad - Gallu cyflwyno gwybodaeth ac esboniadau yn glir i gynulleidfa. Trwy gyfryngau ysgrifenedig neu ar lafar yn glir a hyderus.
- Dadl - Gallu cyflwyno, trafod a chyfiawnhau barn neu lwybr gweithredu, naill ai gydag unigolyn neu mewn grwˆp ehangach
- Hunanymwybyddiaeth & Ystyried - Bod yn ymwybodol o'ch cryfderau, gwendidau, nodau ac amcanion eich hun. Gallu adolygu ,cloriannu a myfyrio'n rheolaidd ar eich perfformiad eich hun ac eraill.
Sgiliau pwnc penodol
- Develop the ability to interpret legal rules and employ techniques of legal reasoning competently and efficiently in order to offer a range of solutions and conclusions to actual or hypothetical complex legal problems, all supported by relevant academic literature, jurisprudence and legislative research. Such solutions will be clearly communicated and presented
- Develop the ability to analyse complex legal issues, set against the background of the political, social, economic or cultural contexts in which they may arise
- Develop those skills which are necessary for scholarship and research in legal subjects, namely the ability to identify relevant primary and secondary legal sources and to retrieve accurate legal information using paper and electronic sources
Rhestrau Darllen Bangor (Talis)http://readinglists.bangor.ac.uk/modules/sxl-2211.html
CORE TEXT: G Virgo, The Principles of Equity & Trusts (4th edn, Oxford University Press 2020)
Rhagofynion a Chydofynion
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Cydofynnol ar gyfer:
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- M1N4: LLB Law with Acc and Finance year 2 (LLB/LAF)
- M1NB: LLB Law with Accounting & Finance (4yr with Incorp Found) year 2 (LLB/LAF1)
- M101: LLB Law (2 year) year 2 (LLB/LAW2)
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- M1V2: LLB Law with History (International Experience) year 2 (LLB/LHI)
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- M104: LLB Law with Business Studies (International Experience) year 2 (LLB/LIB)
- M108: LLB Law with Social Policy (International Experience) year 2 (LLB/LIF)
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- M1P1: LLB Law with Media Studies year 2 (LLB/LMS)
- M1P2: LLB Law with Media Studies (International Experience) year 2 (LLB/LMSI)
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