Pearce & Stevens' Trusts and Equitable Obligations

Written in a fresh and lively style and supported by a strong analytical framework, the sixth edition of Pearce & Stevens' Trusts and Equitable Obligations continues to provide students with a relevant and exciting examination of a subject that can seem remote and difficult. Revised diagrams and flow charts help to explain difficult topics such as the operation of the pari passu, first in, first out, and rolling charge methods of allocating funds between contributors and the circumstances in which strangers can be held personally liable as dishonest accessories to or knowing recipients of trust property in breach of trust. The authors take a modern and conceptual approach to the wide array of topics covered in undergraduate equity and trusts modules, helping students explore the many ways trusts impact on everyday life and in the world of finance and commerce. The text is accessible without compromising detailed critical comment, and engages with key issues such as the protection of privacy, enforcing informal promises, trusts and the family home, and assessing public interest in charities. Extensive rewriting has enabled the incorporation of substantial new material without an increase in the overall length of the book. There is an extended and improved index which makes locating relevant discussion of key issues much easier than in previous editions. Online Resource Centre The text is accompanied by an Online Resource Centre containing updates and a glossary of terms for students. For lecturers the site provides a test bank of multiple choice questions and PowerPoint slides to use in teaching.

PART 1: THE IMPORTANCE OF EQUITY; PART 2: CREATING THE RELATIONSHIP; PART 3: APPLICATION OF TRUSTS; PART 4: ALLOCATION OF BENEFIT; PART 5: ASSET MANAGEMENT; PART 6: ADMINISTRATION OF TRUSTS; PART 7: CHECKS, CONTROLS, AND REMEDIES