Final ultimate Flashcards

1
Q

Professor Maitland’s thoughts on Trust

A

greatest achievement performed by an Englishmen

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2
Q

John Selden, 1689 thoughts on equity

A

Selden compares this to using a Chancellor’s foot as a measurement standard — some have long feet, others short, meaning there is no fixed measure for equity.

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3
Q

Modern Contributions of Equity in Exclusive Jurisdicition

A

new things that is not available anywhere else

Such as trusts and succession law

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4
Q

Modern Contributions of Equity in Concurrent Jurisdiction

A

compliments common law

specific performance
rescission
rectification
injunctions

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5
Q

Modern Contributions of Equity in Auxiliary Jurisdiction

A

legal procedures to assist the administration of justice

Writ of subpoena
Interrogatories

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6
Q

The Statute of Quia Emptores (1290)

A

allowed land to be transferred without feudal obligations, further solidifying the concept of trusts

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7
Q

Dod v Chyttenden (1502)

A

Walmsley J describe the medieval “use” - An abstract idea tied to the trustee’s consciousness

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8
Q

The Statute of Uses 1535 was enacted to:

A

Prevent the avoidance of feudal dues through the use.
to abolish the use of use

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9
Q

Equity’s Darling

A

refers to the bona fide purchaser for valuable consideration of legal title without notice of the trust

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10
Q

Cook v Fountain (1676)

A

Lord Nottingham made turning in history of equity

Equity is based on legal principles and rules, not on moral discretion.

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11
Q

List the people who support substantive fusion

A

Sir George Jessel MR (1881) - Now, there is one unified legal system where equity rules prevail in conflicts.

Lord Diplock (1977) - Ashburner’s metaphor criticized by Lord Diplock. The distinction between law and equity is misleading and no longer relevant

Lord Denning (1973) - after 100 years, both systems operating as one cohesive body of law

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12
Q

List the people who support administrative fusion only

A

Ashburner’s Metaphor (1933) - The two streams of jurisdiction… run side by side and do not mingle their waters.

Lord Selbourne LC (1873) - distinctions between legal and equitable estates are necessary for trust law to function properly.

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13
Q

Medforth v Blake [2000]

A

Richard Scott VC
* The distinction between common law duties and equitable duties is irrelevant in practice

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14
Q

Lord Dudley v Lady Dudley [1705]

A

Equity is a moral virtue, not part of common law

It softens the harshness and rigidity of legal rules

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15
Q

Earl of Oxford’s Case [1615]

A

Ellesmere LC:

General laws will inevitably fail to address unique circumstances

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16
Q

Milroy v Lord (1862)

A

trust constitution

Method 1: Self-declaration of trust
Method 2: Transferring property to trustee

17
Q

Re Rose [1952]

A

Every Effort Rule

18
Q

T Choithram International SA v Pagarani [2001]

A

Self-Declaration of Trust by a Settlor

The court ruled that equity will not allow a trust to fail for want of a trustee.

19
Q

Re Cook [1948] Ch 212

A

the wife’s legal and equitable interests merged, leaving her with absolute ownership of the land

20
Q

Re Bowden [1936] Ch 71 per Bennett J.

A

Once the trust is created, the settlor (in that capacity) loses all
control or interest in the property.

21
Q

Saunders v Vautier

A

A beneficiary with an absolute interest can demand trust property before the specified period if they are competent to give a valid discharge.

22
Q

s 53(1)(b), Law of Property Act 1925

A

Creating a trust over land or an interest therein must be in writing and signed.

23
Q

s 53(1)(c), Law of Property Act 1925

A

The transfer of an existing equitable interest or trust must be in writing and signed by the person disposing of the interest

24
Q

Section 53(2) of the Law of Property Act 1925

A

the requirement for writing in Section 53(1) does not apply to the creation or operation of resulting, implied, or constructive trusts.

25
Q

s 52(1) LPA 1925

A

requires conveyances of land or any interest therein to be made by deed.