Equity and Trust Law: Claims Against Parties, Breach of Duty, and Remedies Available
Added on 2023-04-22
10 Pages2978 Words121 Views
Equity and Trust
TABLE OF CONTENTS
Part A: Letter of Advice..................................................................................................................3
Instructions..................................................................................................................................3
Rights of the beneficiary..............................................................................................................4
Entitlement by the Charles...........................................................................................................4
Recommendation.........................................................................................................................5
What Happens Next.....................................................................................................................5
Part B: Supporting Memorandum....................................................................................................6
Introduction......................................................................................................................................6
Charles v William – earning secret profit – Breach of Duty.......................................................6
Charles V Diana- fraudulent representation – Breach of duty....................................................6
Remedies available to the beneficiary.............................................................................................7
Conclusion.....................................................................................................................................10
Part A: Letter of Advice..................................................................................................................3
Instructions..................................................................................................................................3
Rights of the beneficiary..............................................................................................................4
Entitlement by the Charles...........................................................................................................4
Recommendation.........................................................................................................................5
What Happens Next.....................................................................................................................5
Part B: Supporting Memorandum....................................................................................................6
Introduction......................................................................................................................................6
Charles v William – earning secret profit – Breach of Duty.......................................................6
Charles V Diana- fraudulent representation – Breach of duty....................................................6
Remedies available to the beneficiary.............................................................................................7
Conclusion.....................................................................................................................................10
PART A: LETTER OF ADVICE
CROWN AND JEWELS OF 123
15 January 2019
PlayTime Pty Ltd
150 London Road
Brisbane, Qld, 4000
Dear Mr Charles Windsor
Re: Legal advice regarding claims against any parties under Equity and Trust Law
By overviewing the given circumstances following claims can be raised against directors under
Equity and Trust Law due to cited justifications:
Instructions
Client raised the issue regarding the claim and probable liability according to the equity and trust
law. William at the time of purchasing the land at Yeronga made the fraudulent representation
about the value of the property to the Charles and also earned the secret commission. Further,
Charles already gave the direction to Diana that house must be rented for the residential use only.
However, she rented the house to the person who uses it for the commercial purpose also.
Furthermore, at the time of selling the property, she did not promote and advertise the property
and sold directly to Spencers Pty Ltd, in which she is the sole director and the sole shareholder of
the company. In particular, it is expected that constructive trust can be applied and the
beneficiary would be entitled to the compensation.
Kensington Drive
BRISBANE QLD 4000
Tel: (07) 1111 1222
Email:c.bowles@cw.com.au
CROWN AND JEWELS OF 123
15 January 2019
PlayTime Pty Ltd
150 London Road
Brisbane, Qld, 4000
Dear Mr Charles Windsor
Re: Legal advice regarding claims against any parties under Equity and Trust Law
By overviewing the given circumstances following claims can be raised against directors under
Equity and Trust Law due to cited justifications:
Instructions
Client raised the issue regarding the claim and probable liability according to the equity and trust
law. William at the time of purchasing the land at Yeronga made the fraudulent representation
about the value of the property to the Charles and also earned the secret commission. Further,
Charles already gave the direction to Diana that house must be rented for the residential use only.
However, she rented the house to the person who uses it for the commercial purpose also.
Furthermore, at the time of selling the property, she did not promote and advertise the property
and sold directly to Spencers Pty Ltd, in which she is the sole director and the sole shareholder of
the company. In particular, it is expected that constructive trust can be applied and the
beneficiary would be entitled to the compensation.
Kensington Drive
BRISBANE QLD 4000
Tel: (07) 1111 1222
Email:c.bowles@cw.com.au
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Equity and Trustslg...
|7
|1630
|48
Letter of Advice on Equitylg...
|9
|3015
|317