- 10 Marks
BL – Nov 2014 – L1 – SB – Q6a – Law of Trusts
Explain two certainties for a valid trust and state four situations where a trustee may be appointed to replace another.
Question
i. For a Trust to be validly created, “three certainties” are essential.
You are required to state and explain any TWO of the certainties.
(6 Marks)
ii. Generally, a trustee may be appointed to replace another trustee named in the instrument setting up the Trust.
Required:
State any FOUR situations in which a trustee may be so appointed.
(4 Marks)
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