Equity and Trust Law Essay Help

Equity and trust Law is the combination of two subjects in the English legal system introduced in the late 18th century and revised today according to the modern-day situation. Equity in the English legal system is considering equality between all individuals and parties to ensure justice and fairness to avoid potential conflict. Whereas trust is individuals or parties entrusting their monetary finance or assets to any other individuals in cases of safekeeping and foreseeing prospects for future investment.

Equity and trust are a parallel system to common law, which was separately established to safeguard an individual's monetary and financial assets from being exfoliated by trustees who under the agreement ensure the preservation and well-being of an individual's assets for the future. To ensure the rights of the common people from exploitation, here are some legislations set by the legislative system.

Trustee Act 1925: This act informs the powers and authority that a trustee has when considering confidence over an asset. According to the act, the trustee can consolidate on asset matters with the courts on accounts if the confidence is breached by any party. Also if evidence suggests that a trustee has breached their jurisprudence therefore the court is liable to relieve them from the personal liability partly or wholly.

Pensions Act 2004: To ensure the rights of pensioners this act was introduced to allow pensioners to be paid on time and in full in order to pay off for their financial assets secure their liabilities. It further ensured that sponsoring companies compensate on secure liabilities and state to compensate if the sponsor is facing insolvency.

Charities Act 2011: Charity is a donation towards a public cause, therefore, the charity acct 2011 lays the framework upon which charities should act to serve what's best in the public interest and avoid any bureaucracy and maintain public confidence within its system assuring equality.

Equity And Trust Law Essay Help

Components of Equity and Trust Law:

To ensure equality and public confidence within the system by ensuring public welfare there are four principles highlighting Equity and Trust Law.

1. Auxiliary jurisdiction: Under this jurisdiction, the court can demand defendant to show documents proving that their actions do not violate the common laws, if it does then the court has the authority to demand remedies for the losses the particular action has caused.

2. Exclusive jurisdiction: The parties agree to submit the exclusive jurisdiction of a particular court knowing what the dispute will bring and legislative laws will be applied accordingly. Such a situation occurs mostly when one company files for bankruptcy knowing the consequences they are going to face for being unable to pay off another party under contractual agreement.

3. Concurrent jurisdiction: This allows more than one court to hear and proceed to a particular case. For instance, a party or an individual could be convicted for unfair gains from a contractual agreement and further threatened by an individual or party. In such cases, civil court cases, as well as criminal courts, will have proceedings and give a verdict based on what they perceive favorable.

4. Rectification: If there is a mistake made in recording an agreement, both parties or individuals under a mutual agreement can rectify the agreement with an equitable remedy to correct that particular mistake.

Equity And Trust Law Essay Writing

Why choose Law Essay Pros for your Equity and Trust Essay Help?

When writing an equity and trust law essay, students need to consider the aspects which combine equity and trust laws as a revised part of the English legal system and what other subjects are included such as common and civil laws. To study all these subjects which comes under equity and trust can be tough job considering the limited time frame provided when conducting assignments and examination.

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