What understanding will you gain from W301?
The module will enable you to:
- understand the legal definition of land
- appreciate what is meant by ownership of land
- explain how ownership of land is transferred from one person to another, under both the unregistered and registered system of ownership
- recognize the situations where land will be held under a trust and how that trust will operate
- appreciate the problems caused by shared ownership of land
- identify rights (easements, covenants, licences and mortgages) which a person can exercise over someone else’s land, and the precise nature of these rights
- appreciate the nature of leasehold property
- appreciate how various types of property are owned and transferred
- appreciate what constitutes a valid trust
- recognize the role of trusts in family wills, lifetime gifts and also in commercial fields
- identify the detailed rules relating to specific trusts such as charitable trusts, resulting and constructive trusts and discretionary trusts
- examine the office of trustee
- identify the powers and duties of trusts and the relevance of fiduciary duties to company directors, partners and others
- appreciate the remedies which are available against trustees and other fiduciaries
- apply the legal concepts you encounter to factual scenarios, developing your skills of analysis and problem-solving.