Equity and Trusts

Singapore University of Social Sciences

Equity and Trusts (LAW319)

Synopsis

LAW319 Equity and Trusts introduces the Law Student to the complex area of equity, and importantly to the institution of the trust. Students will learn how a trust is created and the consequences of having a trust, and the implications of the bifurcation of legal and beneficial titles. Students will also look at the rights, powers and duties of trustee and beneficiary. Students then turn their minds to a particular form of trust – the charitable trust. Finally, students will explore the rules of equity that govern equitable remedies and understand why it is said that the waters of equity and law flow together but have not mingled.

Level: 3
Credit Units: 10
Presentation Pattern: EVERY JAN

Topics

Equity & Trusts in Singapore
Trusts and Powers; Requirements of a Trust
Creation of Express Private Trusts
Beneficiaries
Resulting Trusts
Constructive Trusts
Private Purpose Trusts and Charitable Trusts
Appointment, Retirement, Removal of, and Payments to Trustees
Obligations of Trustees, Fiduciary Duties of Trustees, Powers to Trustees and Variation of Trusts
Liability of Trustees for Breach of Trust and Protection and Defences
Proprietary Claims and Remedies and Personal Claims and Remedies
Equitable Remedies

Learning Outcome

Indicate the various sources of the relevant law, how it is made and developed; of the institutions within which that law is administered and the personnel who practice law
Demonstrate understanding of legal concepts, values, principles and procedures of Singapore law and explain the relationship between them in a number of subject areas, as well as to apply them
Analyse fact patterns to identify relevant issues of law, fact and procedure.
Interpret the relevant rule of substantive law, procedure or evidence relevant to the issues identified
Apply the relevant laws and principles to come to a conclusion on the issues
Formulate an opinion, provide a solution and advise based on the conclusions
Discuss critically, competing arguments in literature or in a group situation and make a reasoned choice between alternatives
Examine ideas, concepts and arguments in the English language and legal terminology with care and accuracy
Employ information technology in an office environment for the search for information, the preparation of documents and presentations