CLA2601
Assignment 2 Semester 1 2025
Unique Number: 770920
Due Date: 16 April 2025
QUESTION 1
In South African trust law, trustees are fiduciaries who are required to act in the best
interests of the beneficiaries and in accordance with the trust deed. A key duty imposed on
trustees is the duty to preserve trust assets and to act within the scope of their powers as
outlined in the trust deed. In this case, Lesego and Phumudzo, acting as trustees of the
Build Your Own Home Trust, purchased a back actor (excavator) even though the trust
deed does not explicitly authorise such a transaction
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
Assignment 2 Semester 1 2025
Unique Number: 770920
Due Date: 16 April 2025
QUESTION 1
In South African trust law, trustees are fiduciaries who are required to act in the best
interests of the beneficiaries and in accordance with the trust deed. A key duty imposed on
trustees is the duty to preserve trust assets and to act within the scope of their powers as
outlined in the trust deed. In this case, Lesego and Phumudzo, acting as trustees of the
Build Your Own Home Trust, purchased a back actor (excavator) even though the trust
deed does not explicitly authorise such a transaction
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
