ABSTRACT
The notion of a social relationship of trust encompasses in a broad moral sense reliance in social relationships on other people’s good will, competence and confidence that general expectations in familiar social circumstances will not be frustrated. In commercial dealings, social relationships of trust enable and support resource acquisition, personal goodwill, positive reputation and efficiency. In digital economies, these aims are achieved by enhancing the way that participants interact by providing accessibility, visibility, transparency and credibility. A Trust is an institution developed by Equity and recognised in the court of Equity as imposing obligations enforceable in Equity. While the Trust emerged in English legal history as a creative response to the disturbance of property rights in Tudor England, their popularity in commerce has caused a proliferation of equitable jurisprudence. Trust is regarded as a fundamental element in successful business relationships.
