QUESTION TWO

$[30]$

Provide a detailed explanation of the following:

$2\mathrm{.}1$ The five $(5)$ advantages of using Trusts for doing business.

$2\mathrm{.}2$ Explain the concept of a 'trustee's fiduciary duty' in South African trust law. Discuss the key elements of this duty, how it applies to trustees, and the consequences of breaching this duty.

$(15)$