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6 - Equity and trusts

Published online by Cambridge University Press:  13 August 2009

Mark Wonnacott
Affiliation:
Maitland Chambers
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Summary

Introduction

This chapter is about the impact and effect of equitable rights on the common law of possession: the ways in which equity alters and restricts the common law, in favour of some, but not others.

It might seem old-fashioned to deal with this subject separately. But, where land is concerned, the difference between a legal right and an equitable right is still of critical importance.

Equitable rights in land can be divided into three types. The first is a right, recognised in equity, to possess the whole of a common law estate. The second is a right to some lesser equitable interest in a common law estate. The third is an equitable right to do something, in relation to land, that has no counterpart at common law at all.

This chapter explains why those distinctions are still important, and the remedies available to vindicate each type of equitable right.

The relationship between common law and equity

No one sitting down with a blank piece of paper, attempting to produce a rational and coherent property-law code, would produce that which the forces of history and the ingenuity of conveyancers have produced in England and Wales. It is possible that someone might decide that there should be a partial statutory code, and that judges should otherwise be permitted to develop the principles. But what no one could imagine would be a partial statutory code, supplemented by two inconsistent and competing systems of judge-made law, one to qualify and contradict the other.

Type
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Possession of Land , pp. 91 - 106
Publisher: Cambridge University Press
Print publication year: 2006

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  • Equity and trusts
  • Mark Wonnacott, Maitland Chambers
  • Book: Possession of Land
  • Online publication: 13 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511495526.007
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  • Equity and trusts
  • Mark Wonnacott, Maitland Chambers
  • Book: Possession of Land
  • Online publication: 13 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511495526.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Equity and trusts
  • Mark Wonnacott, Maitland Chambers
  • Book: Possession of Land
  • Online publication: 13 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511495526.007
Available formats
×