Why Was There No Overreaching in Williams & Glynn's Bank

question 10

Multiple Choice

Why was there no overreaching in Williams & Glynn's Bank v. Boland?

• A) The beneficiaries did not know that a transaction would take place
• B) The purchaser was acting in good faith
• C) The dealings were with only one trustee
• D) The beneficiary was a family member of the trustee

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Definitions:

Inflation

A rise in prices and a decrease in the purchasing power of money over time.

Unemployment Rates

The percentage of the labor force that is jobless and actively looking for employment.

Interest Rates

The cost incurred by a borrower, represented as a percentage of the principal, for accessing funds from a lender.

Business Investment Expenditures

Business investment expenditures refer to the outlays by companies on capital goods, including machinery, equipment, and buildings, aiming to enhance their production or operations.