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#equity #law #tracing
Question
A trustee has £2,000 of his own money in his deposit account. He puts in £3,000 of Trust B’s money and then £6,000 of Trust C’s money. He spends £6,000 on shares which are now worth £12,000. He then dissipates the remaining £5,000. Later he pays in £1,000.
First look at the situation between the trustee and the trust funds and apply Re Oatway as the later funds are dissipated. This means the £6,000 spent on shares will all be money from the two trusts rather than the trustee’s own money. Then look at the situation between the two trusts. They share rateably ([ case ]), so Trust B has 1/3 rd of the shares (now worth £4,000) and Trust C has 2/3 rd of the shares (now worth £8,000). The dissipated money includes £2,000 from the trustee’s money, £1,000 from Trust B and £2,000 from Trust C. This trust money cannot be replaced by the later payment in of £1,000 (Roscoe v Winder).
Answer
Re Diplock

Tags
#equity #law #tracing
Question
A trustee has £2,000 of his own money in his deposit account. He puts in £3,000 of Trust B’s money and then £6,000 of Trust C’s money. He spends £6,000 on shares which are now worth £12,000. He then dissipates the remaining £5,000. Later he pays in £1,000.
First look at the situation between the trustee and the trust funds and apply Re Oatway as the later funds are dissipated. This means the £6,000 spent on shares will all be money from the two trusts rather than the trustee’s own money. Then look at the situation between the two trusts. They share rateably ([ case ]), so Trust B has 1/3 rd of the shares (now worth £4,000) and Trust C has 2/3 rd of the shares (now worth £8,000). The dissipated money includes £2,000 from the trustee’s money, £1,000 from Trust B and £2,000 from Trust C. This trust money cannot be replaced by the later payment in of £1,000 (Roscoe v Winder).
Answer
?

Tags
#equity #law #tracing
Question
A trustee has £2,000 of his own money in his deposit account. He puts in £3,000 of Trust B’s money and then £6,000 of Trust C’s money. He spends £6,000 on shares which are now worth £12,000. He then dissipates the remaining £5,000. Later he pays in £1,000.
First look at the situation between the trustee and the trust funds and apply Re Oatway as the later funds are dissipated. This means the £6,000 spent on shares will all be money from the two trusts rather than the trustee’s own money. Then look at the situation between the two trusts. They share rateably ([ case ]), so Trust B has 1/3 rd of the shares (now worth £4,000) and Trust C has 2/3 rd of the shares (now worth £8,000). The dissipated money includes £2,000 from the trustee’s money, £1,000 from Trust B and £2,000 from Trust C. This trust money cannot be replaced by the later payment in of £1,000 (Roscoe v Winder).
Answer
Re Diplock
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ds and apply Re Oatway as the later funds are dissipated. This means the £6,000 spent on shares will all be money from the two trusts rather than the trustee’s own money. Then look at the situation between the two trusts. They share rateably (<span>Re Diplock), so Trust B has 1/3 rd of the shares (now worth £4,000) and Trust C has 2/3 rd of the shares (now worth £8,000). The dissipated money includes £2,000 from the trustee’s money, £1,000 f

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