Description
Assignment 02
This is an ordinary written or typed assignment. Answering this question gives
you practice in answering the type of case law discussion-type questions that
you may expect in the examination. Your answer should not exceed one page.
You may reference your sources as you wish, i.e. in- text, or in footnotes. A
bibliography is not needed but remember to include your Honesty Declaration Form.
Question: 1
Pat and his two sons, Rick and Dave are discussing the legal attributes of a trust. Pat
thinks that trusts have a separate legal existence. Rick is of the view that there is no
distinction drawn between trust assets and private assets of the trustee even though
a trustee is legally the owner of the trust assets. Dave on the other hand, holds the
opinion that parties to a trust may lose more than what is held in the trust. They
approach you for advice on the legal attributes of a trust. Advise them accordingly. (In
your advice, define a trust, deal with each view as presented and then conclude).
TOTAL FOR ASSIGNMENT 02: [10]
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