Unit 1 - Introduction and History

Question	Answer
How was E & T developed?	The Court of Chancery and almost by accident Image: Court Hammer (binary/octet-stream)
Why did it differ from common law?	was willing to recognise new rights e.g) the use of a trust and new remedies e.g) injunction and specific performance
equity was never a complete system, when did it intervene...	in some areas
What are equity's maxims role?	- general rules of thumb from the court exercising equity jurisdiction - they are often a starting point
How can the maxims be grouped together?	Maxims concerning the; - Nature of equity and jurisdiction - Conduct expected of claimants - Circumstances in which equity will operate
maxim concerning equity and jurisdiction - 'equity will not suffer a wrong without a remedy'	- only intervene to prevent an unconscionable reliance upon legal rights when a trustee hols prop for beneficiary and the trustee wants to claim it = the trustee has this legal right but not under an equitable right (equity has bene's back)

Resource summary

	Created by courtney yeap over 6 years ago