Topic 2B - Equity and Land Law Flashcards
Earl of Oxford’s Case
Foundation stone for equity in modern law: Where equity and law conflict, equity shall prevail
Judicature (Ireland) Act 1877
Underpins status of equity in Irish Law - that the rules of equity shall prevail.
Trusts/Uses
Land rights held by one person to the use of (or the benefit of) another person
Defence of Bona Fide Purchaser of the Legal Estate for Value Without Notice
Determines in what circumstances the equitable owner will keep their rights as against a third party
Doctrine of notice: Types of Notice
Codified in the 2009 Act:
Actual Notice,
Constructive Notice,
Imputed Notice
Actual Notice
Within that purchaser’s own knowledge
Constructive Notice
What the purchaser would have known had he made ‘such enquirers and inspections as ought to have been made’
Northern Bank Ltd. v. Henry; Constructive Notice
Objective test of reasonable inquiry;
as to actual occupation,
as to any litigation pending or threatened.
Imputed Notice
To be treated as if one has all of the knowledge - actual and constructive - one one’s agent in relation to the transaction.
Hunt v. Luck; Physical Enquiries
A purchaser of land is held to have constructive notice of the interests of a tenant who was in possession of the land, since the purchaser was expected to make enquiries of anyone in occupation other than the vendor.
If the purchaser did make enquiries but the tenant didn’t disclose their interests then the purchaser would take free from them.