Duties of PRs Flashcards

1
Q

PRs must act in the ____ _________ of the beneficiaries

A

best interests

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

In carrying out their duties, PRs must exercise reasonable ____ and ____ taking into account any _________ knowledge they have

A

care, skill, specialist

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Can PRs be liable to the estate for losses resulting from their breach of duty?

A

Yes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Can PRs be liable for breach of duty by another PR?

A

No - not unless the PR was negligent in preventing the other’s breach

How well did you know this?
1
Not at all
2
3
4
5
Perfectly