A) Words are construed according to the natural and ordinary meaning of words
B) Words are construed with reference to the subjective evidence of any parties intention
C) Words are construed in the light of any facts known or assumed to known by the relevant parties at the time the will was executed.
D) Words are construed in light of the overall purpose of the will.
Correct Answer
verified
Multiple Choice
A) Mutual wills are the only binding method by which a testator can ensure that both the survivor and anyone else is provided for by will.
B) Equity does not prevent the survivor of a mutual will from altering his will.
C) Mutual wills arise to stop the survivor acting fraudulently by going back on the agreement he or she made with another.
D) Mutual wills prevent the survivor revoking his will and substituting another in its place.
Correct Answer
verified
Multiple Choice
A) Evidence of an agreement between the parties is sufficient; a similar standard required for the imposition of a secret trust.
B) The testators need only establish a clear understanding that they not to revoke their wills after death.
C) The testators must have entered into a binding contract not to revoke their wills after death.
D) The testators need to enter into an agreement akin to a binding contract, but there is no requirement that they provide consideration to make it a valid contract between them.
Correct Answer
verified
Multiple Choice
A) Malaki is not subject to the secret trust, and may therefore keep the £30,000 himself.
B) Malaki is subject to the secret trust and must hold the £30,000 for Ruth.
C) Malaki is not subject to the secret trust, but may not keep the £30,000 himself.
D) Malaki is subject to the secret trust, but does not have to hold the property for Ruth.
Correct Answer
verified
Multiple Choice
A) The incorporated document(-s) must be clearly identified in the will.
B) The incorporated document(s) must normally be in existence at the time of the will
C) The incorporated document(s) may be added by codicil if they are created after the will is exercised.
D) The incorporated document(s) can either be in existence at the time of the will or at least named in the will where it exists in the future.
Correct Answer
verified
Multiple Choice
A) The survivor of a mutual will is not free to deal with the property received in a matter inconsistent with the terms of the mutual will.
B) The property rights of the beneficiaries are fixed at the time of death of the first testator, so that the beneficiaries become immediately entitled to the property.
C) The beneficial interest in the property arises through a constructive trust over all the property subject to the mutual contract in the hands of the survivor.
D) The constructive trust arises at the date of the first testator's death.
Correct Answer
verified
Multiple Choice
A) Secret trusts are trusts made in wills in which the trustees and beneficiaries are concealed from everyone until the operation of a secret event.
B) Secret trusts provide a mechanism for testator to leave property to a named beneficiary, who is then under an enforceable obligation to pass it on to another, unnamed beneficiary.
C) Secret trusts provide a means to provide for someone to conceal gifts to others during the lifetime of the settlor.
D) In a secret trust, the beneficiaries and trustees are known, but the beneficiaries are only entitled on the happening of a secret event.
Correct Answer
verified
Multiple Choice
A) In a fully secret trust, neither the trust nor the beneficiaries of it are apparent from the terms of the will. In a half secret trust, the existence of the trust is apparent, but the beneficiaries are not.
B) The burden of proof required of a fully secret trust is the same as that required for an allegation of fraud; the standard of proof necessary to establish a half-secret trust is the normal standard of civil proof on the balance of probabilities.
C) On the failure of a fully secret trust, the intended trustee may keep the property for himself, whereas in a half secret trust, the intended trustee cannot do so.
D) The rules for the creation of fully secret and half-secret trusts differ only in relation to the communication required by the testator to impose the fully or half-secret obligation on the beneficiary named under he will.
Correct Answer
verified
Multiple Choice
A) Need not hold the property on trust, because Miranda did not accept the role of trustee.
B) Need not hold the property for Paul, as the terms of the trust have not been communicated during Bethany's lifetime.
C) Must hold the property on trust for Paul, as the terms of the trust have been effectively communicated during Bethany's lifetime.
D) Must hold the property for Paul, as equity will give effect to Bethany's clear intentions to create a secret trust.
Correct Answer
verified
Multiple Choice
A) The property should be held for Beth, as Mawlowkowski has predeceased Jeremiah.
B) The property should be held for Vamilda, as there could be no communication of revocation of the trust to Jeremiah, as he was in a coma.
C) The property should be held for Vamilda, as the secret trust, as an inter vivos gift, was completed at the time Jeremiah's will was drawn up.
D) The property should be held for Beth, as Vamilda cannot be discovered as the trust was a fully secret trust, so the 'secret' died with Mawlowkowski.
Correct Answer
verified
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