First Principles of Business Law
Business organisations in Australia

4. Trusts

Question 6. To what extent is a trustee personally liable for transactions carried out for the trust?

 

 

 

Read the statements below and select the best one.

(a) A trustee is personally liable for transactions they carry out on behalf of the trust, even when transacting as a trustee.

(b) Provided a trustee enters into a transaction as a trustee on behalf of the trust, they do not become personally liable for the transaction.

 

 

 

 

 

 

 

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