Course Title: LAW OF EQUITY AND TRUST

L T

P/
S

SW/
FW

2

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-

Course Code:
1

TOTAL
CREDI
T
UNITS
3

Credit Units: 3
Course Objective:
The objective of the course is to acquaint the students with the
General Equity maxims, evolution of law thereto coupled with
fusion of law and equity with stress on concept of trust and Indian
Trust Act ,1882 .
Pre-requisites:
The student ought to have common knowledge of society and prima-facie
understanding of ordinary legal principles in their day to day working.
Student Learning Outcome:
This course acquaints students with the general Equitable principles some of
which are already finding mention in various Statutes and in addition students can
acquire an in depth knowledge of institutions like Trust .

Extinction of Trusts . Indian Legal System and Equitable principles 20 Module II: Maxims & Principles of Equity Delay defeats equity. He who seeks equity must do equity . Equity imputes an intention to fulfill an obligation . assignments. Where equities are equal the law shall prevail . Equity will not suffer a wrong without a remedy . endowments . The students will be acquainted with important case laws on the subject to understand the intricacies involved in the banking transactions. Duties and Liabilities of Trustees. Equity looks to intent rather to the form . History and development of Equity in England .Course Contents/Syllabus: Module I: Concept & Historical development of Equity Weghtage (%) 20 Concept of Equity . Equality is equality. Equity acts in personae . Rights and Powers of Trustees . Obligation in the nature of trusts. Vacating the office of Trustee. doctrine of Cy-press Module IV: The Indian Trust Act . Extinction of Trusts Pedagogy for Course Delivery: The course will be conducted using lectures.Trust and Breaches . 1882 20 40 Creation of Trusts. Equity regards that as done which ought to be done .Disabilities of Trustees. if applicable: NA List of Experiments: NA . Fiduciary Relations . Classification / kinds of Trust . meaning . Rights and Liabilities of the Beneficiary. He who seeks equity must come with clean hands . Where equities are equal the first in time shall prevail . Module III: Trusts in General Concept . Lab/ Practical details. Equity follows the law .

Assessment/ Examination Scheme: Assessment/ Examination Scheme: Theory L/T (%) Lab/Practical/Studio (%) 30% End Term Examination NA 70% Theory Assessment (L&T): Continuous Assessment/Internal Assessment Components (Drop down) Weightage (%) Mid.P.Project Viva Attendance Term Exam 10% 10% 5% 5% Text and References: Principles of Equity with Trust and Specific Relief – M.Hanbury and Maudsley 70% . Trust and Specific Relief ACT .Aquil Ahmed Principles of Equity – Snell The  End Term Examination Elements of Equity – Jhabval Noshirvam Modern Equity .Tandon Equity .