Northwestern Law

Another instance of a trustee’s obligation may be to take a position property wisely or promote it. This is particularly the case for pension funds, crucial form of trust, the place traders are trustees for folks’s financial savings until retirement. But trusts can be arrange for charitable purposes, famous examples being the British Museum or the Rockefeller Foundation. In exceptional circumstances defences can apply to particular acts, similar to killing in self defence, or pleading insanity. Another instance is within the 19th-century English case of R v Dudley and Stephens, which examined a defence of “necessity”. Three crew members and Richard Parker, a 17-year-old cabin boy, had been stranded on a raft.

The concept of a “frequent law” developed during the reign of Henry II during the late 12th century, when Henry appointed judges that had authority to create an institutionalised and unified system of law “widespread” to the country. …