Presenting practical answers to fifty typical exam questions, this new edition helps students to penetrate and understand the complexities of equity and trusts. Traditionally a difficult subject for those approaching it for the first time, special care has been taken to present the subject as a whole in a structured way, with basic matters examined first before moving on to more difficult concepts. This new edition includes many new questions and answers and revision of other answers in the light of recent decisions. These include Daraydan Holdings v Solland (2004) recipient of a bribe becoming a constructive trustee; Le Foe v Le Foe (2001) indirect financial contributions to the family home; Pennington v Waine (2002) transfer of the equitable interest in shares; Choithram v Pagarani (2001) constitution of an express trust. The Charities Bill 2004, which sadly failed to make it in the statute books owing to the lack of Parliamentary time, is also highlighted in the context of the reform of law of charities.