| University | Qualifi Ltd |
|---|---|
| Subject | DL501 Equity and Trusts (J/650/3141) |
DL501 Assignment Brief
| Qualification | QUALIFI Level 5 Diploma in Law (610/1092/3) |
|---|---|
| Unit Number | 501 |
| Unit Title | DL501 Equity and Trusts |
| Unit Reference | J/650/3141 |
| Credits | 30 |
| TQT | 300 |
| GLH | 120 |
Assignment Aim
This unit will equip learners with in-depth knowledge and understanding of the principles governing the law of Equity and Trusts. The unit aims to enable learners to understand and apply equitable rules to fact-based scenarios, to identify and resolve issues that potential clients may face in the context of different types of trusts and equitable remedies.
Learners will explore how equity interrelates with other legal topics and how equitable principles apply in domestic and commercial context.
Learning Outcomes and Assignment Criteria
| Learning Outcomes
When awarded credit for this unit, a learner will: |
Assessment Criteria
Assessment of this learning outcome will require a learner to demonstrate that they can: |
| 1. Understand historical events leading to the development and nature of Equity. | 1.1 Explain key historical events leading to the development of Equity. |
| 1.2 Examine the relationship between law and equity. | |
| 1.3 Explain the meaning of equitable maxims. | |
| 2. Understand the requirements for the creation of valid trusts. | 2.1 Analyse the features of different types of trusts. |
| 2.2 Apply statutory rules and their case law interpretations in appropriate scenarios. | |
| 2.3 Analyse the impact of illegality on legal presumptions. | |
| 3. Understand the concept of the beneficiary principle and exceptions. | 3.1 Examine the need for a human beneficiary in private express trusts. |
| 3.2 Illustrate established exceptions to the beneficiary principle. | |
| 3.3 Describe the various methods by which gifts to unincorporated associations may be affected. | |
| 4. Understand equitable remedies | 4.1. Evaluate conditions for tracing in law and in equity. |
| 4.2 Appraise the application of the change of position defence. | |
| 4.3 Assess when specific performance or injunction can be granted. | |
| 5. Understand trustees’ administrative powers and duties. | 5.1 Explain when power of advancement and maintenance can be utilised by the trustees. |
| 5.2 Differentiate correctly between administrative duties and fiduciary duties. | |
| 5.3 Evaluate trustees’ defences for the breach of administrative duties. |
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