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The Court of Chancery, London, England, early 19th centuryEquity is a physique of rules that developed in England individually from the “widespread law”. The Lord Chancellor on the opposite hand, as the King’s keeper of conscience, could overrule the judge-made law if he thought it equitable to take action. Whereas neither the widespread law nor civil law techniques enable folks to split the ownership from the control of one piece of property, fairness permits this via an association generally known as a belief. Trustees management property whereas the useful, or equitable, possession of trust property is held by folks known…
