14. Breach of trust

Titles in the Complete series combine extracts from a wide range of primary materials with clear explanatory text to provide readers with a complete introductory resource. This chapter on breach of trust discusses the following: the trustees’ duty of care; the fiduciary nature of trusteeship; the nature of equitable compensation; reasonable care and skill the liability of individual trustees; the criminal liability of trustees; the protection of trustees; trustee exemption clauses; section 61 Trustee Act 1925 and the court’s power to excuse the liability of trustees for breach of trust; when the statutory period of limitation applies; and the equitable doctrine of laches.