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Review Your SQE 1 Practice Records

Examination Timing: 00H00M09S

Emily is a trustee and wants to delegate some or all of her functions to an agent who will run the trust on her behalf. She comes to you for advice about this. Which of the following statements best describes the position?

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Your selected option: B

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The correct answer is B. The Trustee Act 2000 clarifies trustees' duties to supervise agents and their liability for loss caused by those agents. Trustees are liable for any acts or defaults of their agents that they should have detected with reasonable care and skill. This duty of supervision ensures that trustees remain vigilant and exercise oversight over delegated functions. 

Key Point: Trustees can delegate functions but must exercise oversight and diligence in selecting and monitoring agents to avoid liability for the agents' actions under the Trustee Act 2000.

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