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Trusts Law
Liability of Strangers to the Trust
Quiz · 20 questions
beginner
Which of the following statements best describes the general rule regarding the liability of strangers to a trust?
A
A stranger to a trust is automatically liable if they benefit from a breach of trust, regardless of their knowledge
B
A stranger to a trust is not liable for a trustee's breach unless they have assumed fiduciary responsibilities or fall within one of two recognised exceptions
C
A stranger to a trust is liable whenever they have dealings with trust property, even in the ordinary course of business
D
A stranger to a trust is only liable if they were directly appointed by the settlor to supervise the trustee
E
A stranger to a trust is jointly liable with the trustee for all breaches of trust committed during the trust period
Question 1 of 20