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The Economic Structure of Trusts: Towards a Property-based Approach

Ming Wai Lau




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 | #1575461 in Books |  2011-03-08 | Original language:English | PDF # 1 |  6.30 x.80 x9.30l,1.10 | File type: PDF | 230 pages

|| ||"This is a short and enthusiastically written book that university law faculties will surely include on the trust student's reading list." |--Donovan Waters, Canadian Business Law Journal|||About the Author||M. W.

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 analyzed and described the trust as a tripartite contract, a nexus of contracts, and even a legal entity. These obligational approaches overlook the u...

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