Equity Short: Mcphail v. Doulton

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  • Опубліковано 26 вер 2024
  • Filmed on location on the roof of the Royal Liver Building (RLB) and in the boardroom of the RLB this video examines the nature of discretionary trusts. In particular we focus on a fictitious trust where the objects are the “inhabitants of Merseyside” What does this mean and how can we say with sufficient certainty that an object is such a resident. We then explore other related terms of art such as employee, friend, etc in the context of McPhail and the court's’ method for answering such questions.
    Twitter:
    @elearninglpool

КОМЕНТАРІ • 3

  • @Alhussainba
    @Alhussainba 4 роки тому +1

    I'm an engineering student, what am I doing here at 12 pm

  • @mobunits3437
    @mobunits3437 6 років тому

    I still didn't understand the outcome or principles particularly here

    • @bengriffithsseaangling2138
      @bengriffithsseaangling2138 6 років тому +3

      1) Concept - Who is the object of the trust
      2) Evidential - Can the object of the trust prove who they say they are (e.g, Saying someone is a fan of Liverpool football club - could lie)
      3) Ascertainability - Can we find the objects
      4) Admin unworkability - Would there be too many people to distribute trust money to? [Emily Hudson has written a lot on this and simplifies it, worth checking out]
      In a nutshell, is it practical to carry out the trust and is everyone who they say they are. :)