CHANCERY DIVISION WALSH v. LONSDALE [1882 W. 1127.] This is one of the most frequently cited authorities on the effect of the Judicature Acts so far as the fusion of law and equity is concerned. Essentially the question down on whether the defendant could bring a legal remedy (distress) with respect to a lease which formerly would have been regarded as equitable only (effectively an agreement to grant a lease rather than one in proper legal form). Facts:The Defendant on the 29th of May 1879‚ agreed
Premium Lease Landlord Leasehold estate
account for the historical development of equity and consider (think about) the contemporary (existing) significance (implication) of equitable principles. In Roman mythology‚ Aequitas‚ also known as Aecetia‚ was the goddess of fair trade and honest merchants. Like Abundantia‚ she is depicted with a cornucopia‚ representing wealth from commerce. She is also shown holding a balance‚ representing equity and fairness. Aequitas is the source of the word equity‚ and also means "equality" or "justice"
Premium Common law Law Appeal
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
Premium Law Common law Judge
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
Premium Investment Financial ratios Generally Accepted Accounting Principles
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
Premium Common law Injunction
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
Premium Generally Accepted Accounting Principles Financial ratios Revenue
Equity Essay 1. Introduction Two jurisdictions of law exist in Australia: equity and common law. ‘Equity is ‘the body of law developed by the Court of Chancery in England before 1873. Its justification was that it corrected‚ supplemented and amended the common law. It softened and modified many of the injustices at common law‚ and provided remedies where‚ at law‚ they were either inadequate or non-existent.’[1] Common law is ‘the unwritten law derived from the traditional law of England as
Premium Common law Lawyer
Equity Definition of Equity The term ‘Equity’ is used in various senses‚ out of many the main four senses in which the term is used are: - 1. Literal senses 2. general senses 3. roman senses 4. English senses. 1. Literal senses:- Its sole aim may be to do justice to the parties in a case characterized by a configuration of facts unlikely ever to be repeated in reality in the same or similar way. The literal meaning given to equity is “right” as founded on the laws
Premium Common law
“The current law on the establishment and regulation of a co-ownership interest in land is unsatisfactory.” Discuss. Co-ownership forms one of the most complex areas in land law. It requires constant updating over time as social structures and patterns of living evolve in society. This essay will discuss the many difficulties that regularly arise in this delicate area of the law for which there is no simple‚ all-encompassing solution. Specifically it will cover the common intention constructive
Premium Law Common law Property
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
Premium Bank Contract