Certainty of intention

Cards (20)

  • What is one of the three certainties necessary for the creation of an express trust?
    Certainty of intention
  • What does certainty of intention require from a settlor?
    The settlor must possess the intention to create a trust
  • How is the necessary intention to create a trust determined?
    It is determined by the settlor's arrangements that create a trust
  • What is the defining feature of an express trust?
    An intention to create it
  • What is the requisite intention for creating a trust?
    An intention to impose a duty to hold property for a beneficiary
  • In the case of Re Oldfield, what did the court conclude about the woman's 'desire' for her daughters?
    The court held that a desire carries no obligation to create a trust
  • How can a person's intention to create a trust be ascertained?
    From their words and conduct
  • What is the approach of the courts in determining intention to create a trust?
    The courts adopt an objective approach
  • What is the significance of written documents in establishing intention?
    They help ascertain the intention of the author
  • What principles do courts apply when interpreting written documents regarding intention?
    Meaning of words, context, known facts, and common sense
  • Is the use of the word 'trust' conclusive in determining intention?
    No, it is not determinative
  • How does the characterization of a transaction affect its nature as a trust?
    The nature is determined by substantive rights and duties, not characterization
  • What is a key determining factor in establishing intention in several cases?
    The segregation of funds in a separate bank account
  • In Paul v Constance, what evidence supported the finding of a trust regarding the bank account?
    The repeated use of the phrase 'this money is as much yours as mine'
  • What did the court acknowledge about the couple in Paul v Constance regarding their understanding of trusts?
    They were ordinary people unfamiliar with the legal concept of a trust
  • What does certainty of intention depend on in legal cases?
    It depends on the specific facts of each case
  • How can vagueness in the subject matter of a trust affect the intention to create one?
    Vagueness may indicate there was no intention to create a trust
  • What was the outcome in Mussoorie Bank Ltd v Raynor regarding the alleged trust?
    The Privy Council rejected the argument for a trust
  • What are the key points regarding certainty of intention in creating an express trust?
    • Certainty of intention is required for an express trust.
    • The requisite intention is to impose a duty characteristic of a trust.
    • Intention is ascertained from words and conduct.
    • The word 'trust' is not necessary or conclusive.
    • Interaction may occur with the other two certainties.
    • The determination of intention is fact-specific.
  • What is the relationship between certainty of intention and the other certainties in trust law?
    There can be significant interaction between them