Law of Personal Property

Module code: LW2003

When a person wishes to use their property for the benefit of others, whether as an individual, through a not-for-profit business or charity, they made use a 'trust' arrangement to protect the money, investment or property to ensure it is used for the benefit of the intended 'cause'.

So, making and ending a trust and the duties of people who run them are important in organisations which need to use resources efficiently and effectively.

In this module your study will include discovering:

• The nature of the law of equity
• Requirements for creating a valid trust, in the context of a not-for-profit business venture
• A trustee's duties and responsibilities of others such as company directors which are based on the law of equity
• What can be done when things go wrong, and there are disputes
• How the law deals with informally-created arrangements around protection and use of assets