Equitable Maxims Flashcards

1
Q

Equity follows the law

A

Equity operates within the frameworks of the existing legal system

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2
Q

Equity will permit no wrong without a remedy

A

Equity aims to provide a remedy for every legal wrong

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3
Q

Where equities are equal, the law prevails

A

Woks alongside the existing legal framework but acknowledges the limitations

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4
Q

Where equities are equal, the first in time prevails

A

The claim that arose first takes priority

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5
Q

He who seeks equity must do equity

A

If you seek equitable relief you must fulfill your own obligations and act equitably yourself

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6
Q

He who comes to equity must come with clean hands

A

Must act in good faith and with no wrong doing

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7
Q

Delay defeats equity

A

Act promptly with no undue delay

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8
Q

Equity abhors a vacuum

A

Against principle for piece of property to have no owner, court will assign the property to somebody

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9
Q

Equity looks to substance not form

A

Looks beyond technicalities and formalities to focus on the substance of the case

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10
Q

Equity will not permit a statute to be used as an instrument of fraud

A

Will intervene if party uses statutes to cover for fraud

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11
Q

Equity imputes an intention to fulfil an obligation

A

Equity looks at substance of parties actions and intentions rather than strict adherence to letter of obligation

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12
Q

Equity regards as done that which ought to be done

A

Allows court to treat an act as it had been performed in the manner it should have

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13
Q

Equity acts in personam

A

Acts against individuals not property. Personal responsibility and obligation of parties involved

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14
Q

Equality is equity

A

Equality strives to restore balance and fairness by equalising rights

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15
Q

Equity will not allow a trust to fail for want of a trustee

A

Won’t allow a trust to become invalid because of absence of trustee, will ensure trust continues and purpose is fulfilled

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16
Q

Equity will not assist a volunteer

A

Does not provide assistance or remedies to individuals who have provided no consideration for the benefit they seek

17
Q

Equity will not perfect an imperfect gift

A

Equity will not intervene to perfect a gift if the donor has not fulfilled all the necessary legal formalities