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
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
