SEMESTER 1: 2014/2015 LXEB 3110 EQUITY I ASSIGNMENT NAME: GOH POI SZE MATRIC NUMBER: LEB120033 TUTOR: DR USHARANI A/P BALASINGAM DATE OF SUBMISSION: 3 NOVEMBER 2014 1. Introduction Maxims of equity are short statements that contain the essence of equity law. These maxims were developed over the years and today are used as a set of general principles which are said to govern the way in which equity operates. They illustrates the standards of morality in judicial decision making1 and
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EDUCATIONAL EQUITY AND PUBLIC POLICY: COMPARING RESULTS FROM 16 COUNTRIES By Joel D. Sherman and Jeffrey M. Poirier UNESCO Institute for Statistics‚ Montreal‚ 2007 UNESCO The constitution of the United Nations Educational‚ Scientific and Cultural Organization (UNESCO) was adopted by 20 countries at the London Conference in November 1945 and entered into effect on 4 November 1946. The Organization currently has 191 Member States and six Associate Members. The main objective of UNESCO is to contribute
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The case analysis of Equity Funding Introduction The collapse of Equity Funding had a far-reaching influence on business practices and institutions. Although it happened over 30 years ago‚ the lessons from Equity Funding are still meaningful and constructive nowadays. Auditors of Equity Funding failed to collect sufficient evidence‚ check internal control and substantiate computer system. The audit premise----- understanding internal control system AUS 402.41 requires the auditor to obtain
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Matter is a poorly-defined term in science (see below). The term has often been used in reference to a substance (often a particle) that has rest mass. Matter is also used loosely as a general term for the substance that makes up all observable physical objects.[1][2] All objects we see with the naked eye are composed of atoms. This atomic matter is in turn made up of interacting subatomic particles—usually a nucleus of protons and neutrons‚ and a cloud of orbiting electrons.[3][4] Typically‚ science
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displayedProperty which is intended to construct a trust fund must be segregated from all other property‚ in order for its identity to be sufficiently certain. If this is not succeeded then the result will be found to have no certainty of subject matter and in turn the trust will fail. As found in the case Re London Wine Co. where the creditors of a wine company sought to claim that their proprietary rights in a number of bottles of wine held in the company’s cellar. They argued that their rights
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FE1 EQUITY & TRUSTS NIGHT BEFORE NOTES 8 Key Topics for Revision • • • • • • • • Maxims Injunctions‚ particularly Interlocutory Quia Timet Injunctions and Anton Piller Orders Rescission Secret Trusts Charitable Trusts Resulting Trusts Trusteeship Tracing 1. MAXIMS This topic is usually examined as one part of a three part question‚ where candidates have to attempt two parts. It has always been a straightforward essay style question. In some years‚ the Examiner asked about their contemporary relevance
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Equity is still very relevant today- equitable rights‚ interests‚ and remedies remain important in law today. Equitable relief introduces injunctions in labor disputes‚ partitions of real property‚ specific performance of contracts‚ reformation of contracts‚ setting aside invalid wills‚ divorces and various other matters where the court orders something to be done other than entering a judgment for money damages. Concepts such as mortgages and Trusts are founded on the idea
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common law‚ a formality among judges was developed‚ typified by a reluctance to deal with matters that were not or could not be processed in the proper form of action. In other words‚ if a person did not follow the proper procedure or done an error in the formalities‚ the person making the claim would lose the case even though that person obviously suffered a wrong. It is one of the equitable maxims that ’Equity looks to the intention and not the form’ which stands that it is fair to look at the intention
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A Summary about When Lightning Struck Always remember: the point is not to pay back kindness but to pass it on. When lightning struck the plane‚ the author was in the bathroom of the plane. She knew what it was. The flight waved widely and it was hard for her to sit down. As she lunged toward her seat‚ everyone was looking up at her‚ feared. A little girl beside the author seemed scared‚ for whom it was only second time on an airplane. A young businessman who had been confidently working
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1 The statement by Henry Kravis that private equity was in its “golden era” might sound like hubris to the unacquainted observer but may actually not be far off from the reality given the growth of private equity funds under management since the advent of large-scale leveraged buy-outs (LBOs) in the 1980s. Henry Kravis as a principal partner in Kohlberg‚ Kravis & Roberts (KKR) pioneered LBOs in the late 1970s and KKR has been a major private equity firm since having reportedly invested in over 160
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