week seven Flashcards
what type of conduct does the in personam claim require
unconscionable
pre 1997, the in personam claim could only be brought for two things otherwise anything else would be pushing equity out too far
breach of contract and breach of trust
what three requirements must be met for the in personam claim post 1997
- remedy must not undermine the fundamental concepts of the Torrens system
- there must have been unconscionable conduct on the part of the reg. proprietor
- claims in personam must encompass only known legal or equitable causes of action
what are some equitable causes for action for the in personam claim
breach of contract, breach of trust, estoppal
can the conduct for an in personam claim occur after registration
yes, before and after
trusts don’t protect you from creditors where you have?
made a trust to deliberately override your creditor
what is estoppal
a legal principle that prevents someone from arguing or asserting a right that contradicts what they previously said or agreed to by law.
who was Mr Lightbody in Regal Castings v Lightbody
the owner of a house with his wife and a jeweller with debt to Regal Castings his manufacturer
what did Mr Lightbody do with his house
put it in a family trust under his lawyer’s advice
what was the problem with Mr Lightbody transferring his house into a trust in regal castings
if you owe debt you cannot transfer into a trust unless you have other assets with which to pay off the debt - you cannot alienate your property to prejudice your credit
what did Tipping J say about the 3 guidelines of whether there were be an in personam claim in Regal Casting v Lightbody
1 - they can put everyone in a remedial constructive trust and deal with everyone seperately so its fair
2 - it was unconscionable to transfer your house into a family trust when you are owing debt
3 - legal principle s 60 Property Act 1952
what are the 3 equitable causes of action for this course and the cases associated with them
Contract - Potts v Anderson
Trusts/fiduciary obligation
Estoppel - Halliday v Bank of New Zealand
setting aside dispositions that prejudice creditors is which sections of the property law act 2007
344 - 350
person in whom order under s348 vests property or makes compensation payable is which section of the property law act 2007
s350, ss4 says this section overrides the land transfer act 2017
in personam claims do not depend on a finding of?
fraud