- 20 Marks
BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts
Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.
Question
a. Umoru created a private trust of which he appointed Godwin and Tohib as trustees. Tohib wants to delegate his function as a trustee to his trusted friend, Mr. Murphy, a very conscientious person, because of his busy work schedule. Godwin has declined the appointment.
Required:
State the law and advise the parties. (5 Marks)
b. The Companies and Allied Matters Act (CAMA) provides for the appointment of company auditors.
Required:
State FIVE persons disqualified from being company auditor. (5 Marks)
c. The deployment of technology has greatly improved commerce.
Required:
Explain TWO types of the following e-commerce contracts:
i. Click-through
ii. Shrink-wrap
iii. Browse-wrap (5 Marks)
d. When a person dies intestate, the court may appoint persons to manage his estate.
Required:
State FIVE duties of personal representatives of a person who died without a will. (5 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Auditor, Company Law, E-Commerce Contracts, Intestate Succession, Personal Representatives, Trustee
- Level: Level 1
- Topic: Law of Trusts
- Series: NOV 2023