Trustees' Liability and Protection — SQE1 FLK2 Trusts Law
Shownotes
A trustee sells a field at full value, reinvests every penny properly, leaves the fund no worse off, and is still in breach of trust.
Practise this topic with exam-style questions: sqe1prep.co.uk
In this episode:
- An innocent breach is still a breach; honesty goes to relief
- Equitable compensation needs a causal link, assessed with hindsight
- Exemption clauses cover everything short of actual dishonesty
- Six years from the breach, not from discovery
- No limitation at all for fraud, or for property still held
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.