LL.B. III (Semester Examination, 2017
EQUITY TRUST
Day Date: Tuesday, 25-04-2017 Max. Marks: 50
Time: 10.30 AM to 12.30 PM
N.B. All Questions are compulsory.
Figure to the right indicates full marks.
Q.1 Multiple choice questions: 05
The person who reposes or declares the confidence is called
the
Author of Trust Trustee
Beneficiary Official trustee
A trust confers a benefit on the public at large.
Private Public
Both a b None of the above
Doctrine of Cy-press applied to trust.
Public Private
Illusory Simple
An Trust is one which arises from the presumed
intention of the settler.
Express Special
Implied None of the above
Section 12 imposes on the trustee to get acquainted
with the nature of property.
Right Power
Liability Duty
Q.1 Fill in the blanks: 05
Section 3 of the Indian Trust Act defines
A express trust may be or executory.
The first and foremost duty of a trustee is to the trust.
Subject matter of a trust must be property to the
beneficiary.
There will be no resulting trust in the of trust.
Q.2 Write a detail note on Rights of Trustees. 10
Page 1 of 2
Q.3 Define Trust and distinguish trust with agency contract. 10
OR
Explain the various powers of trustees.
Q.4 Answer in shorts any two: 04
Simple trust
Trust for value
Creation of trust
Write a note on: 04
Disabilities of trustees.
Q.5 Write short note any three: 12
Resulting Trust
Duty of care
Duty to Investment of Trust Money.
Development of law: common law and equity.