Question
As a general rule it has been laid down that when property is given absolutely to command, recommended or entreated, or wished, to dispose of
\“As a general rule it has been laid down that when property is given absolutely to command, recommended or entreated, or wished, to dispose of that property in favour of another, the recommendation, entreaty, or wish shall be held to create trust. First, if the words are so used, that upon the whole, they ought to be construed as imperative; secondly, if the subject of the recommendation or wish be certain; thirdly, if the objects or persons intended to have benefit of the recommendation or wish be also certain.”
Elaborate the elements of creating an express trust.
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
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