How trusts are terminated under Australian law
There are three main ways in which a trust may be terminated:
1. Termination of the trust by revocation, as detailed within the trust instrument
2. Termination of the trust by beneficiaries
3. Termination by distribution
In a recent Supreme Court of Queensland case, it was confirmed that emails can constitute a legal contract.
In this case, it was a contract for the sale of a commercial property. Although the words “subject to contract” were included in an email, the objective intention of the parties remained that they were content to be bound.
This article is a very interesting read and if for nothing else, the key points to take away are worth taking into account in your own email communications.
Each jurisdiction will have specific laws in place dictating the obligations of a driver involved in a car accident. But in general, in the event of an accident, a driver should stop at the scene of a crash and provide:
- Registration number
- And any other information necessary in identifying the vehicle (the required particulars)
This information should be provided, within the required time, and if practicable, at the scene of the crash to the other driver, any person injured, and the owner of any property damaged. The information may also be provided to any of these parties’ representatives.