In the above, the manner in which the Chancellor passed the order without ignoring the common law rule of “irrefutable evidence “ shows that “equity follows the law” since the Chancellor would have passed the order in favour of the lender had he found the evidence in his favour. Secondly, the equity acts in person in that the Chancellor did not create any legal or property right. The Chancellors originally had been bishops, archbishops and cardinals and hence, origins of a law of trusts are attributed to Roman and Canon laws.
There are already legal and equitable trusts in trusts law. The tracing of property in equity is possible only if there is a fiduciary relationship. In property law, the equitable doctrine of part performance could be enforced only by an equitable remedy. The legal and equitable interests are always distinguishable unless there is an intervention by a statue. The distinction is demonstrated by the position that the legal interest is rights in rem i.e against the whole world whereas the equitable rights cannot be enforced against the bona fide purchaser of a legal estate for value without notice. Contrary to Pollock’s view, the dichotomy between equity and law has only grown-up ever since. Lord Nicholls has observed in A-G v Blake that the distinction has arisen as “an accident of history”. In general law other than trusts, legal and equitable rights are also distinct. . Substantive Fusion in English Law.
Ashburner Walter, 2009, Principles of Equity, Books LLC, p 18
Grant Gilmore, The Death of Contract (Columbus: Ohio State University Press, 1974), 61.
J.J.Powell, (1790) Essay Upon the Law of Contracts and Agreements, 2 vols London for J.Johnson and T Whieldon
R.P. Meagher, J.D. Heydon And M.J. Leeming, Meagher, Gummow And Lehane, 2002,
Equity: Doctrines And Remedies, 4th Edn, Butterworths: Australia
Wilkie Margaret, Malcolm Rosalind, Luxton Peter, 2008, Q & A: Equity and Trusts2008 and 2009, ed 6, Oxford University Press, US.
Babafemi F.O.B., (1971) Tracing Assets: A Case for the Fusion of Common Law and Equity in English Law, The Modern Law Review, Vol. 34, No. 1 (Jan., 1971), pp. 12-28
Edinburgh Review 14 (1875): 179, 180, as quoted in A. S. Manchester, A Modern Legal
History of England and Wales, 1750-1950 (London: Butterworths, 1980), 149.
Oldhams James, [2004), A Profusion of a Chancery Reform, Law and history Review, 22 (3) p 609-614
A-G v Blake  3 WLR 625, p 634
Ind, Coope and co v Emmerson  12 App. Cas. 300 at 308
Napier and Ettrick (Lord) v Hunter  AC 713
Salt v Cooper,  16 ChD 544
Seager v Copydex Ltd  1 CLR 923, CA
Spycatcher case A-G v Guardian Newspapers Ltd (No 2),  1 AC 109 (p 286) per lord Goff
Tinsley v Milligan  1 AC 340
Tribe v Tribe  Ch107
Taylor v Plumer (1815) 3 M & S. 562
United Scientific Holdings Ltd v Burnley Borough Council (1978) AC 904
Walsh v Lonsdale  21 ChD 9
History and development of equity, available at <http://www.law.uvic.ca/mgillen/319/documents/HistoryOHfall06_000.doc> viewed on 9 December 2009
Law of Property Act 1925 (c20), available at < http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1925/cukpga_19250020_en_1 > viewed on 9 December 2009
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