Equity was developed over centuries but initially as a reaction to the “harshness of the common law or lack of developments in common law”. Furthermore‚ the common law system went unchanged for centuries and was a system were petitions were presented to the King for his grace in some complaint where “the usual royal answer was let him sue in common law”. In addition‚ complainants often complained about officials in respect of misconduct and unfairness. During the 14th century petitioning to
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fourteenth centuries. Common law criticized rigid as before and causes normally arose where the gathering mistreated could achieve no redress under the surviving law and modes of procedure. Equity According to law‚ equity means the rules‚ which have been developed to ease the severity of the common law. The word “equity” means fair and it created new rights by giving beneficiaries rights against trustees by recognizing trusts. It offers a wide range of remedies than common law. It recognized trusts of
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“A Report On Pricing and Technical Analysis of Derivatives” THE INDIAN INSTITUTE OF PLANNING AND MANAGEMENT EXECUTIVE SUMMARY The emergence of Derivatives market especially Futures and Options can be traced back to the willingness of the risk adverse economic agents to guard against themselves against the fluctuations in the price of Underlying asset. Derivatives‚ whose price is determined by the price of underlying asset‚ generally do not cause any fluctuations in the price of underlying
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the return that Costco realizes on equity capital can either be reinvested back into the business or paid out to investors as dividends and common stock repurchases. If no dividends or share repurchases were made and earnings were reinvested back into the business at the same incremental rate of return‚ the company ’s return on equity would hold constant over time. In reality‚ most companies‚ including Costco‚ frequently experience changes in their return on equity‚ and distribute some portion of
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MLC707 Commercial and Corporations Law Trimester 3‚ 2014 Feedback Research Assignment (15%) Points to note: Students have been shown in class on how to solve a law problem assignment – ie‚ essay or report format is expected‚ with clear introduction outlining the legal issues to be discussed at the onset‚ followed by clear statements of relevant principles and demonstration of how those legal principles are applicable to the given facts. Some students will merely refer to the principles in Amadio
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The following is a supplement to the discussion of the Milroy v Lord and Re Rose principles in Equity Trusts relating to the cases of T Choithram International SA v Pagarani 2001 2 All ER 492 and Pennington v Waine 2002 4 All ER 215. These cases confirm the existing law for the most part‚ although in factual circumstances which have occasioned comment by some jurists. The Underlying Principle in Milroy v. Lord An imperfect gift will not be perfected simply by interpreting the donor to be a trustee
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CHAPTER 8 Currency Futures and Options Markets EASY (definitional) 8.1 Which one of the following currency futures contracts is currently NOT available? a) French franc b) Hungarian forint c) Czech koruna d) Norwegian krone Ans: a Section: Futures contracts Level: Easy 8.2 Which of the following has provided a major inducement for speculators to participate in the futures market? a) low margin requirements b) low bid‑ask spreads c) high volume compared to the forward market d)
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What is the nature and extent of the employee’s duty of confidentiality? Introduction In every business enterprise‚ there is certain information that employer’s wish to remain confidential. This is particular vital in the global era where there is lower job security‚ higher job mobility and situations where employees work multiple jobs. Employees are bound by the duty of confidentiality‚ where they are forbidden to disclose certain information obtained during the course of employment. The
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expression to some act‚ writing expressive of some act‚ contract‚ process‚ as a deed‚ or contract. It is the role of equity to uphold the intention of the parties in an agreement based on the equitable maxims “Equity looks to the intention‚ not the form” -If the instrument recording the agreement does not reflect the true intention of the parties die to the common mistake or fraud‚ the equity will intervene and order rectification of the instrument/written contract. The step in the formation of contract:
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References: Peter Birks (1999). "Equity‚ conscience‚ and unjust enrichment" (http://www.austlii.edu.au/au/journals/MULR/1999/1.html). Melbourne University Law Review
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