Equitable Maxims Flashcards
1
Q
What is the purpose of equitable maxims?
A
Underpin equity and form the basis of any equitable decision made.
2
Q
Equitable Maxim 1
A
Equity will not suffer a wrong without a remedy
3
Q
Equitable Maxim 2
A
Equity looks to substance, not form
4
Q
Equitable Maxim 3
A
Equity will not permit a statute to be used as an instrument of fraud
5
Q
Equitable Maxim 4
A
Equity acts in personam (against a person)
6
Q
Equitable Maxim 5
A
Those whom come to equity must come with clean hands
7
Q
Equitable Maxim 6
A
Where equity and law conflict, equity shall prevail
8
Q
Equitable Maxim 7
A
Equity will not assist a volunteer
9
Q
Equitable Maxim 8
A
There is no equity to perfect an imperfect gift
