Equity And Trusts

• • Please refer to RMIT University’s Learning Management System - Canvas, for further details.

You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:

RMI-OJD110-Introduction to the Australian Legal System and Legal Methods and RMI-OJD115-Advanced Contract Law and RMI-OJD160-Australian Property Law ;

Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s)

Special requirements

No special requirements

This subject provides an overview of the fundamental principles of the law relating to equity and trusts. It first examines the history and nature of equity, the nature and creation of equitable interests and equitable priorities and relationships of trust are examined, as well as unconscionable conduct, assignments, estoppel, equitable property rights, the institution of the trust, trust classification, trust constitution, statutory formalities applicable to trusts, certainties of intention, trust property and object, trustees’ rights and duties, beneficiaries’ rights and equitable remedies generally. Students are given the knowledge and skills necessary to pursue further studies in the Juris Doctor.

• Assessment Task 1 (25%)
• Assessment Task 2 (25%)
• Open Book Invigilated Exam (50%)