- 1 Marks
Question
Apart from certainty of words and certainty of subject matter, state the other certainty which is required for the creation of a trust.
Answer
Certainty of object
Explanation:
Certainty of object refers to the requirement that the beneficiaries of a trust must be clearly identifiable. Without this certainty, the trust may be deemed invalid because it cannot be determined who is entitled to the benefits.
- Tags: Business Law, Certainty, Trusts
- Level: Level 1
- Topic: Law of Trusts
- Series: MAY 2012
- Uploader: Theophilus