Law Case Study Example | Topics and Well Written Essays - 1250 words

Law - Case Study ExampleHad that been the case, the local wolf charity should stick out either received the funds, or there should have been an agreement drawn up with that charity as to how the funds in the Fido invest would be administered for their benefit. Instead, it appears clear that John and Sue mean to secure personal gain from their investment in the stock mart. This was a clear conflict of interest, non only on Sues part because a relative was involved, but also on the part of John, who consented to such an unprofitable loan. The weight of the evidence is that placing the other half of the Fido Trust into the stock market was also intended to benefit John and Sue, rather than to benefit Mikes dog and cat, as otherwise some arrangement would have been made with either the local animal charity or some other animal care service via using the interest earned on the Fido Trust solely for the proper care of the animals, as Mike intended. Using the funds otherwise would be a serious fraud, perhaps more serious for John as a solicitor who would know the requirements of dowry as a Trustee more than for Sue, a policewoman but it still appears that Sue should have known that the purpose of the Fido Trust was violated. Compounding Johns abuse of the trust placed in him by Mike, we are told that John exercised his power of appointment over the residue of Mikes body politic of the realm in favor of himself, and then persuaded Mikes son Ron, at 18 years of age, to deliver his life interest in the residual estate to John, a proposal which Ron should have strongly rejected. 3Now, as to advising Ron, I would tell him the followingRon, your interests have been grossly violated by Johns handling of your fathers estate