Equity and Trusts for Managers

Accounting and Finance

Unit Code
Level 5
Distance Learning
Class Room
Unit Code
Level 5
Distance Learning Fee
Face to Face Fee
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Total Fee £1600

£2360 (£1600 during the tuition waiver period)

Please see the Tuition Fee section to see if you are eligible for a scholarship.
Course Overview

This course will equip learners with in-depth knowledge and understanding of the principles governing the law of Equity and Trusts. The unit aims to enable learners to understand and apply equitable rules to fact-based scenarios, to identify and resolve issues that potential clients may face different types of trusts and equitable remedies. Learners will explore how equity interrelates with other legal topics and how equitable principles apply in domestic and commercial contexts.

Course Content


Understand historical events leading to the development of Equity

  • Key historical events that led to the creation of equity and common law
  • Common Law and Statutory Rules
  • Understanding equitable maxims

Nature and Classification of Trust

  • Origin and Nature of Trust
  • Classification of Trust
  • Three Certainties
  • Constitution of Trust
  • Formalities for the Creation of a Trust

Private Purpose Trusts

  • The Beneficiary Principle
  • The rule in Saunders v Vautier
  • Trusts of imperfect obligations / purpose trust

Understand equitable remedies

  • Equitable Remedies
  • Types of Remedies in Equity
  • Tracing and Actions Against Strangers to the Trust
  • Tracing at Common Law
  • Equitable Tracing

Understand trustees’ administrative powers and duties

  • Power of Advancement
  • Power of maintenance
  • Treatment of Trust Property
Learning Outcome & Assessment Criteria

1.  Understand historical events leading to the development and nature of Equity

  1. Explain key historical events leading to the development of Equity
  2. Examine the relationship between law and equity
  3. Explain the meaning of equitable maxims

2.  Understand the requirements for the creation of valid trusts

  1. Analyse the features of different types of trusts
  2. Apply statutory rules and their case law interpretations in appropriate scenarios
  3. Analyse the impact of illegality on legal presumptions

3.  Understand the concept of the beneficiary principle and exceptions

  1. Examine the need for a human beneficiary in private express trusts
  2. Illustrate established exceptions to the beneficiary principle
  3. Describe the various methods by which gifts to unincorporated associations may be affected

4.  Understand equitable remedies

  1. Evaluate conditions for tracing in law and in equity
  2. Appraise the application of the change of position defence
  3. Assess when specific performance or injunction can be granted

5.  Understand trustees’ administrative powers and duties

  1. Explain when power of advancement and maintenance can be utilised by the trustees
  2. Differentiate correctly between administrative duties and fiduciary duties
  3. Evaluate trustees’ defences for the breach of administrative duties
  • The assessment strategy for this course is designed to test all the learning outcomes.
  • Learners must demonstrate successful achievement of all learning outcomes to pass the course.
Assessment Marking Criteria


Citizens of the following countries are eligible for a 50% scholarship upon writing a personal statement. All scholarships are to be approved by the Academic Board. The list of countries are: Sri Lanka, Indonesia, Philippines, Bhutan, Morocco, Vietnam, Papua New Guinea, Laos, Cambodia, India, Nigeria, Ghana, Bangladesh, Laos, Myanmar, Pakistan, Nepal and South Africa. Please talk to your student counselor and ask for the Coupon Code to get the 50% Tuition Waiver.

  • The assessment criteria for a pass will be presented with the summative exercise.
  • Further information and guidance on the assessment will be made available through the tutor.
Unit Pass Requirements

To pass the unit a 40% overall grade must be achieved.

Frequently Asked Questions
What is included in the cost of my programme?
  • All course material, including online modules and written assignments
  • Unlimited personal tutor support with online sessions
  • Dedicated student support
  • Access to an online community learning forums
  • Assignment marking and feedback
Am I eligible for this programme?

You are eligible if you meet our stipulated entry requirements.

Standard ROUTE

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Access to LMS

Easy 12 instalments

Complete in 12 months

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Requires submitting 1 assignment per month



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Complete in 6 months

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Access to LMS

No monthly payments

Complete at your own pace

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Dedicated counselor

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