Lawyers Leaders. UCLA School of Law.
These are legal rights which result from intellectual activity in the industrial, literary and artistic fields. Lord King LC was worried that trustees might exploit opportunities to use trust property for themselves instead of looking after it. Business speculators using trusts had just recently caused a stock market crash. Strict duties for trustees made their way into company Law and were applied to directors and chief executive officers. Another example of a trustee’s duty might be to invest property wisely or sell it.
Law, rule, regulation, precept, statute, ordinance, canon mean a principle governing…
