Equity

Nature of Equity Equity is a body of principles and procedures which developed side by side with the common law and statute law. Early common law was rigid and could produce arbitrary and unjust results in many cases.… Read the rest

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Property Law and Equity The Chancery Courts and the rules of equity are intimately linked with property law. See generally our sections on legal history, equity remedies, and trusts. As will be seen in several contexts, the courts recognise both legal and beneficial (or equitable) ownership or interests in property.… Read the rest

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Conversion Where a person is under a duty to convert property of one type to another, (e.g. real property to personal property or vice versa), it may cause injustice, if it continues to be in its original form, because there is a failure to perform an obligation. … Read the rest

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Development of Equitable Remedies The Chancery Courts were established in Ireland, in the 13th century in parallel with the Common law courts, in accordance with the English model. In the early years of the Common Law, it was extremely rigid.… Read the rest

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Types of Estoppel There are two species of so-called equitable estoppel, namely promissory estoppel and proprietary estoppel. Both involve a representation made by words or conduct on which a third-party relies and acts to his detriment.… Read the rest

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