Tracing

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  • Created by: Lara
  • Created on: 30-04-19 12:42
Foskett v McKeown 2001
Tracing requirements set out by Lord Millet, but said a fiduciary relationship is unfair and irrelevant for tracing
1 of 10
AG Hong Kong v Reid 1994
An equitable proprietary interest in the original property is a requirement for tracing
2 of 10
Bishopgate Invest Management v Homan 1995
backwards tracing generally not possible unless C can prove trustee took out the loan with the intention of paying it off with trust money
3 of 10
Re Hallett's Estate 1880
presumption of honesty, trustee spends their own money first
4 of 10
Roscoe v Winder 1915
B cannot assert a claim to any additional money unless can show trustee intended for it to go to the trust
5 of 10
Re Oatway 1903
can rebut presumption in Re Hallett because the presumption cannot be of detriment to B
6 of 10
Re Tilley's WT 1967
B can enforce an equitable lein if an asset was aquired
7 of 10
Re Diplock
pari passu (proportionate division), defence of proprietary claim being inequitable
8 of 10
Clayton's case
"first in, first out" for innocent mixed funds in current accounts only
9 of 10
Lipkin Gorman v Karpnale 1991
defence of change of position
10 of 10

Other cards in this set

Card 2

Front

An equitable proprietary interest in the original property is a requirement for tracing

Back

AG Hong Kong v Reid 1994

Card 3

Front

backwards tracing generally not possible unless C can prove trustee took out the loan with the intention of paying it off with trust money

Back

Preview of the back of card 3

Card 4

Front

presumption of honesty, trustee spends their own money first

Back

Preview of the back of card 4

Card 5

Front

B cannot assert a claim to any additional money unless can show trustee intended for it to go to the trust

Back

Preview of the back of card 5
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