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880734
History and Nature of Equity I
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Mapa Mental sobre History and Nature of Equity I, criado por ladyamaya86 em 15-05-2014.
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law
equity
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ladyamaya86
, atualizado more than 1 year ago
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ladyamaya86
mais de 10 anos atrás
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Resumo de Recurso
History and Nature of Equity I
relates to fairness and justice - but has a more precise meaning in legal system
evolved through the Court of Chancery and Lord Chancellor's jurisdiction
Petitions were made to the King on the basis of justice (King's conscience) - later through Lord Chancellor
James I established equity's supremacy over common law
If there is conflict - equity prevails
until 19th Century - two parallel jurisdictions - common law and equity
common law created by King's Court
Equity offered a flexible alternative
Provision of Oxford 1258 limited creation of new writs (common law)
Criticism
Equity's role varies with the 'length of the Chancellor's foot' (Selden)
Anotações:
http://www.bartleby.com/100/155.html (Quote One)
Tension between 'caprice' of equity jurisdiction and set rules of common law
Idea of inherent flexibility and discretionary nature of equity
Legal definition - 'a body of law which consists of rights and remedies which evolved through the Court of Chancery
19th Century - Supreme Court of Judicature Acts (1873-5) fused common law and equity
debate over whether this was substantive or administrative
did the Act allow courts to apply both types of law? (administrative fusion)
Or did it fuse the jurisdictions so there is no difference between common law and equity?
Ashburner - "two streams of jurisdiction, though they run in the same channel...do not mingle their waters" (Principles of Equity)
Compare - United Scientific Holdings Ltd v Burnley Borough Council (1977) and MCC Proceeds Inc v Lehman Brothers Int'l (1998)
20th Century developed e.g. Lord Denning's new model constructive trust
The Mareva Injunction (Freezing Order)
The Anton Pillar Order (Search Order)
demonstrates the creativity of equity
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