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Lecture notes

Intro to equity and trusts

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Brief notes inclusive of cases for the introduction of equity and trusts









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Uploaded on
March 14, 2023
Number of pages
3
Written in
2022/2023
Type
Lecture notes
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M
Contains
Equity and trusts intro

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Equity and trusts – lecture 1

Common law issues

Rigid writ system

Complex procedures

Limited remedies – real action of return of land or compensation for damages

Development of equity

Appeal directly to the monarch

Passed litigants to LC

Established separate court of chancery

Conscience based decisions – harder to predict due to morality

Issues

Expensive, uncertainty, conflict between the two

Resolve

Principles are established, maxims of equity are guidelines on basis, when equity and common law
conflict – equity will prevail, established earl of oxfords case 1615

Judicature acts 1873-1875 – administrative merger, substantive difference, maxims

Maxims

He who comes to equity must come with clean hands – argyll v Argyll 1967 – due to wife’s infidelity
she had not acted properly no obligation to provide equity

Equity will not assist a volunteer – do not provide property in return for receipt

Equity looks on as done that ought to be done – if something is meant to be done with said equity it
will provide as much as possible

Equity acts in personam, acts on the person not the property

Miller v jackson

Cricket club boarderd land, cricket ball entered ds property causing active damage and mental
distress. Didn’t want damages wanted to close cricket club. Not a common law remedy. Equitable
remedy offers injunctions such as foreclosure

Trusts

Created in English and Wales. origins of trust go back to 11 th century. Transfer of legal title to a
trusted individual incase of death eg going to war. Within common law the trustee can use land as
wanted. Within equity can appeal and be protected under the law on the trustee.

Settlor – absolute owner original owner

Trustee – owner in common law, manager of land within equity, owe duties to beneficiaries
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