Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

Price: £110.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Desmith out now
Luba housing

System Upgrade

Due to an overnight system upgrade eBook orders will not be processed between 10pm on 18/06/18 and 9am on 19/06/18. We are sorry for any inconvenience caused.

Hide this message

Economic Structure of Trusts

ISBN13: 9780199602407
Published: January 2011
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: £107.50

Low stock.

This book provides an economic account of why trusts exist and how trust law should be shaped. The trust is a key legal institution in the common law world but it has been neglected by the law and economics community until recently.

Borrowing theories and doctrines from corporate law and economics, scholars have variously analysed and described the trust as a tripartite contract, a nexus of contracts, and even a legal entity. These obligational approaches overlook the unique features of trusts for which corporate legal theories have no explanation. Most importantly, they fail to account for the nature of the beneficiary's interest in the trust property.

Equity and Trusts
Part I: Trusts as Contracts
1: The Trust Deal and the Rhetoric of Contracts
2: Agency Costs and the Nexus of Contracts
Part II: Trusts as Firms
3: Trusts as Entities
4: Trusts as Economic Firms
5: The Function of Trusts in Business and Commerce
Part III: Trusts as Property
6: The Decline of Property and Trust
7: Reconceptualising Property and Funds in Law and Economics
8: The Economic Structure of Trusts
9: The Boundaries of the Trust Concept
Conclusion: The Relationship Between Property and Trusts