Topic 8 - Equity Flashcards
1
Q
Define mere equities
A
Enforceable against the creator and often confer proprietary rights however will be defeated by a bona fide purchaser for value
2
Q
Define equity of rectification
A
A person acquires a right as a result of fraud or misconduct of some description to have the transaction rectified
3
Q
3 types of equitable interests
A
- Express Trust
- Resulting Trust
- Constructive Trust
