Trustees, Breach and Equitable Remedies
Appointment and exit, care, investment, maintenance and advancement, breach, compensation, protection, limitation, remedies and tracing.
How to study for FLK2
Use closed-book rule anchors, realistic client facts, primary-classification ranges and an ethical decision check across every subject.
Core concepts
Concept 1
Apply rules for trustee eligibility, appointment, removal and retirement while preserving proper administration.
Exam cue: Identify trust term, power, duty, decision process, loss and remedy.
Concept 2
Apply duties of care and investment and statutory maintenance and advancement powers.
Exam cue: Separate following an asset from tracing value and claiming against a person.
Concept 3
Identify breach, causation and measure of liability plus contribution, exclusion, relief, beneficiary consent and limitation protection.
Concept 4
Distinguish personal equitable remedies from proprietary claims and trace value through substitutions subject to defences.
Risk pitfalls and guardrails
Judging investment solely by outcome rather than process and portfolio duty.
Guardrail: Check the sitting-specific law cutoff, keep Solicitors Accounts in its official context and reject any answer that imports an FLK1 rule as the controlling subject.
Assuming tracing itself creates an automatic proprietary entitlement.
Guardrail: Check the sitting-specific law cutoff, keep Solicitors Accounts in its official context and reject any answer that imports an FLK1 rule as the controlling subject.
Memory anchors
Trustees, Breach and Equitable Remedies: scope
Appointment and exit, care, investment, maintenance and advancement, breach, compensation, protection, limitation, remedies and tracing.
Trustees, Breach and Equitable Remedies: focus 1
Apply rules for trustee eligibility, appointment, removal and retirement while preserving proper administration.
Trustees, Breach and Equitable Remedies: focus 2
Apply duties of care and investment and statutory maintenance and advancement powers.
Trustees, Breach and Equitable Remedies: focus 3
Identify breach, causation and measure of liability plus contribution, exclusion, relief, beneficiary consent and limitation protection.
Trustees, Breach and Equitable Remedies: focus 4
Distinguish personal equitable remedies from proprietary claims and trace value through substitutions subject to defences.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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