Landmark[1994] 1 WLR 4521 Jan 1993· Equity & Trusts
Moss orally declared himself trustee of 50 of his 950 shares in a private company for Hunter's benefit. The Court of Appeal held that a trust of intangible property (shares) does not fail for uncertainty of subject matter even when the specific shares are not segregated from the larger holding, distinguishing tangible chattels.