- 5 Marks
BL – Nov 2020 – L1 – SB – Q4a – Law of Trusts
Define trust and identify participants using trusteeship terminology.
Question
There are different participants with different roles in trusteeship.
Required:
i. What is a trust?
ii. Identify the different participants using trusteeship terminologies in the situation below:
Ade instructed Segun to keep his Toyota car for the use of Tunde pending the return of Ade, who has just won a scholarship to study accountancy in a United Kingdom university.
Find Related Questions by Tags, levels, etc.
- Tags: Beneficiary, Trust, Trust Terminologies, Trusteeship
- Level: Level 1
- Topic: Law of Trusts
- Series: NOV 2020
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