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FBE2604 Assignment 2 Semester 2 - 2023 R160,00
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Exam (elaborations)

FBE2604 Assignment 2 Semester 2 - 2023

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FBE2604 Assignment 2 Semester 2 - 2023 Question: 1 Paul is a trustee of a business involved in the retail of computer equipment. Although the trust deed makes no provision for it Paul buys a delivery vehicle to transport the computer equipment. 1.1Given the requirement that a trustee must preserv...

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  • July 25, 2023
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FBE2604
Assignment 2
Semester 2 -2023




Question: 1

Paul is a trustee of a business involved in the retail of computer equipment.
Although the trust deed makes no provision for it Paul buys a delivery vehicle
to transport the computer equipment.

1.1 Given the requirement that a trustee must preserve trust assets, indicate
whether Paul has acted unlawfully. (5)

A trustee is not allowed to expose trust assets to risks (this would constitute a breach
of his or her fiduciary duties), a trustee in a business trust is empowered to carry on a

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