The trust property consists of land, the trustee sells it to a purchaser for a consideration without notice of the trust. What are the options available to the beneficiary of the trust ?
CS Executive · Economic and Commercial Laws · PYQS · June 2018
The trust property consists of land, the trustee sells it to a purchaser for a consideration without notice of the trust. What are the options available to the beneficiary of the trust ?
Answer & Explanation:
The beneficiary of the Trust has following options available to him/her: The beneficiary may ask the trustee to purchase other land of equal value to be settled upon the like trust. The beneficiary may charge the trustee with the proceeds of the sale with interest. The beneficiary may right to the specific execution of the trust. The beneficiary may sue for execution of trust.
Topics: Trust Law
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