University Of Illinois College Of Law
Another instance of a trustee’s obligation may be to invest property wisely or sell it. This is very the case for pension funds, the most important form of belief, where traders are trustees for individuals’s financial savings until retirement. But trusts can be set up for charitable functions, famous examples being the British Museum or the Rockefeller Foundation. In exceptional circumstances defences can apply to specific acts, corresponding to killing in self defence, or pleading madness. Another example is within the 19th-century English case of R v Dudley and Stephens, which tested a defence of “necessity”.
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