What is the definition of breach of trust?
Primary tabs. Breach of trust in legal contexts refers to breaking the rules of a trust or a person taking advantage of property given to them for a period of time.
What are examples of breach of trust?
For example, if the trustee receives a kickback for hiring a contractor to do repairs on a house held in the name of the trust, this would be an example of a breach of trust. Another sign of a conflict of interest to watch out for includes the lending of money by fiduciaries to themselves or to relatives.
What are the elements of breach of trust?
and other cases defining shareholder rights and corporate trustee duties, we can derive the three elements that a plaintiff must establish to be entitled to equitable relief based on breach of trust: (1) Intent to harm the minority; (2) impairment of minority ownership rights; and (3) no adequate alternative remedy.
What is the meaning of breach of condition?
In contract law, breach of contract, also called breach of agreement, refers to the violation of any term or condition of a binding agreement. It generally occurs when at least one party doesn’t fulfill his or her commitments under the contract.
What’s another word for breach of trust?
What is another word for breach of trust?
| breach of contract | bad faith |
|---|---|
| breach of promise | disloyalty |
| faithlessness | unfaithfulness |
| perfidy | betrayal |
| treason | treachery |
What constitutes a breach of trust and confidence?
In order for there to be a breach of the implied term of trust and confidence, the employer must have had no reasonable and proper cause for its otherwise repudiatory behaviour. An employer may have reasonable and proper cause for conduct which the tribunal finds amounts to unlawful discrimination.
Is breach of trust a criminal offence?
Criminal breach of trust is a criminal offence and hence punishment for the same is stated under Section 406 of the Indian Penal Code.
Is breach of trust Criminal Offence?
What are the consequences of breach of conditions?
If a condition, the party can terminate the contract. However, if the nature and effect of the breach, at the time the breach occurred, does not deprive a party of the whole of the benefit of the contract, then the term will be considered a warranty and that party will only be able to sue for damages.
What do you call a person who betrays your trust?
Traitors betray the trust of those who have faith in them or believe their promises. Traitor also applies to a person who betrays his country by committing treason: turning against his own government, perhaps by selling secret information. Definitions of traitor.
