Another instance of a trustee’s duty may be to speculate property wisely or promote it. This is very the case for pension funds, an important form of belief, where buyers are trustees for people’s savings until retirement. But trusts can additionally be set up for charitable functions, famous examples being the British Museum or the Rockefeller Foundation. In exceptional circumstances defences can apply to particular acts, such as killing in self defence, or pleading madness. Another example is within the 19th-century English case of R v Dudley and Stephens, which examined a defence of “necessity”.
Texas Law students become … Read More