Download or read book The Legal Nature of the Unit Trust written by Kam Fan Sin and published by Oxford University Press on Demand. This book was released on 1997 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to provide a detailed and thorough doctrinal analysis of the unit trust. The author examines the history of the unit trust as the outcome of the conceptual marriage of the trust and the company. He then examines the contractual and the trust aspects of its constitution and assesses their implications on doctrines of perpetuities, Saunders v. Vautier and frustration, and also on remedies. The character of relationships, the obligations of the trustee and the manager, and the nature of units as personal properties are then analysed. Such analysis is not just of academic interest: it is of much practical relevance too. The book will be invaluable to all those requiring a better understanding of the unit trust.