Trustees In Agreement

In our law, it is clear that, unless the trust deed expressly provides otherwise, trustees must act jointly in their dealings with third parties if they are to effectively bind the trust estate. Therefore, a third party dealing with a trust should always consider, as a general rule, that the contractual powers of the directors must be exercised jointly by all the directors, unless otherwise provided in the trust deed. “[16] The main issue to be considered is the validity of the agreement, .m., where the first applicant, who acted without the written power of the other agents, entered into a valid contract for the sale of land binding the trust, which, as did the 1st.