When Will the Courts Consider That a Purported Act of Trustees

question 8

Multiple Choice

When will the courts consider that a purported act of trustees is not void?

• A) Where the trust specifies that the terms of the trust may be varied by the trustees executing a deed of variation, and the trustees make a unanimous decision to vary the trust, but fail to use a deed.
• B) Where the trustees of a trust to make grants towards the cost of educating the children of employees of a named company give a grant to the child of a cleaner (who is not employed by the company but works through an independent agency).
• C) Where the trustees of a trust to make grants towards the cost of educating the children of employees of a named company have a policy of giving only one grant per child, but in error make a second grant in respect of the same child.
• D) Where the trustees make a decision to invest in fine art which they have been (incorrectly) advised by a solicitor is a decision which they can make, but is later discovered to be outside their investment powers.

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Definitions:

Evolutionary Implications

The potential long-term effects or significances of evolutionary processes on organisms, behaviors, or traits.

Wearing Red

Often associated with increased attractiveness, dominance, or power, influenced by cultural or psychological interpretations of the color.

Empirical Support

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Social Exchange Principles

Theoretical perspectives that view social interactions as transactions in which individuals seek to maximize rewards and minimize costs.