100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
  2.  
  3. City University (City)
  4.  
  5. LLB Law
  6.  
  7. Equity And Trust

Samenvatting

Summary Nature of Equity - Equity & Trusts Law (LLB)

1 beoordeling
 6 keer verkocht
  • Vak
  • Equity And Trust
  • Instelling
  • City University (City)

Nature of Equity (Introduction) Summarised Notes for the Equity and Trusts Law module, LLB, at City, University of London (achieved a 1st class using these) - can of course be used for other universities as well! Should be used with the full bundle of notes!

Voorbeeld 1 van de 4  pagina's

Document informatie

  • 21 mei 2020
  • 4
  • 2018/2019
  • Samenvatting

Onderwerpen

  • equity and trust
  • equity
  • trust
  • law
  • llb
  • llb
  • university
  • introduction
  • nature of equity
  • city university

Geschreven voor

  • City University (City)
  • LLB Law
  • Equity And Trust
Alle documenten voor dit vak (13)

1  beoordeling

review-writer-avatar

Door: Fsafe • 3 jaar geleden

Amazing thank you

Verkoper

avatar-seller
law-notes

Ontvangen beoordelingen

Voorbeeld van de inhoud

THE NATURE OF EQUITY

NATURE OF EQUALITY
 Equity= system for certainty in rule-making to achieve fair results in individual circumstances,
common law less strict to prevent injustice to individual cases
 Conscious is key, law either prevents any benefit growing to D due to some unconscionable
conduct or compensate any loss suffered by claimant from some unconscionable conduct
 Equity allows courts with discretion to disapply statutory or common law rules whenever good
conscious requires it – but modern permits limited amount of discretion
 Ensures fairness on moral basis – Lord Ellesmere in Earl of Oxford’s case “correct men’s
consciences for frauds, breach of trusts, wrongs and oppressions.. and soften extremity of law”
 Understanding equity’s role in English legal system
oCollection of substantive principles developed over centuries by Courts of Equity (mainly Court of
Chancery) to judge people’s consciences
oHas procedural rules developed by Courts of Chancery under Lord Chancellor
 Equity balances the rigidity of common law, flexibility allows to cope with social developments
 Most significant early case in equity in England – The Earl of Oxford’s case – uses concepts from
Aristotle, where justice in some circumstances the creator of rules could not have anticipated
oARISTOTLE “For equity, though superior to justice, is still…justice and equity coincide, and
although both are good, equity is superior. What causes the difficulty is the fact that equity is
just, but not what is legally just. It is a rectification of legal justice” (tailors to individual cases) +
shows where statute or common law fails to anticipate a situation or create unfairness then
equity would intervene
 Early Lord Chancellors were bishops and therefore were more religious conscience until 17 th
century
 ‘Conscience’= with knowledge – control for things you have done wrong
 Conscience comes from objective stimuli, outside mind, so courts position to judge a person’s
conscience
 Equity undertakes a moral task to prevent individuals benefitting from taking bribes, fraud etc –
Lord Chancellor Cowper states equity as a moral virtue similar to Aristotle who says equity
prevents any unfairness which might otherwise arise from rigid application of legal rules

Effect of Judicature Act 1873
 Before Act litigant had to decide whether claim related to common law or equity if selected
wrong jurisdiction than claim would be thrown out and sent to other court. Judges were known
for delays in reaching their judgements which would take several years
 By 1873 pressure for reform, Dickens played pivotal role led to Judicature Act 1873. 2 aims of
fusing equity and common law (by any court to award common law or equitable remedies), and
reorganise the courts with proceedings beginning in High Court divided into the divisions today
o s.25 of Judicature Act provided in all matters where there is any conflict between rules of equity
and rules of common law, rules of equity shall prevail
o Earl of Oxford’s case thus received statutory form
o Equity functions now on doctrine of precedent but not due to 1873 Act; until 1873 Act no more
clear distinction between sets of courts of common law and equity courts empowered to
apply both

Common law and equity has distinct claims and distinct remedies
 E.g. of Common law claims: breach of contract, negligence, fraud
 E.g. of Common law remedies: damages, common law tracing, money had and received
 E.g. of Equity claims: breach of trust, tracing property, claiming property on insolvency




1

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper law-notes. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $0.00. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 65040 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Laatst bekeken door jou

Samenvatting ·

(0)

Literatuur en collegeaantekeningen

Tentamen (uitwerkingen) ·

(0)

STRAIGHTERLINE NUTRITION FINAL EXAM TEST

Samenvatting ·

(2)

Oefenvragen methodologie met extra uitleg

Voordeelbundel ·

(0)

Course cell biology; histology VU

Tentamen (uitwerkingen) ·

(0)

final exam wcu patho 2024 Graded A+

Samenvatting ·

(0)

Samenvatting: Leerboek HRM H1 t/m H8

Samenvatting ·

(0)

samenvatting biochemie 2de jaar VD

Tentamen (uitwerkingen) ·

(0)

PHP EXAM 1 2024 WITH 100% CORRECT ANSWERS

Tentamen (uitwerkingen) ·

(2)

ATI PN PHARMACOLOGY PROCTORED EXAM

Gratis  6x  verkocht
  • (1)
Downloaden