The Law of Equity and Trust ARNAB KUMAR DAS Port City International University, Chittagong, Bangladesh. SID: LLB 00305037

1. LET 252: The Law of Equity and Trust
(Courts of Equity and their Function)
SID: ARNAB/LLB 00305037 | Trimester: Spring, 2015
The Chancary court or court of equity is the court which authorized to apply the principles of equity
as opposed to law, to cases brought/come before it. The equity court handled the law suits granting
remedied other than damages (pecuniary jurisdiction)
Remedies under Equity Courts
There are three (3) types of remedies were available under the equity courts:
1. Writ
2. Injunction and
3. Specific Performance
Why the Equity Courts evaluated/originated?
To avoid the slow pace of change or possible harshness (in equity) in the Common Law court.
Equity court had jurisdiction over all the matters of equity, including Trust, Land Law,
Administration of the Estates of lunatics and the guardianship of infants.
Who is Lord Chancellor?
Lord Chancellor was the chief judiciary officer of the equity courts. (Keeper of the king’s conscience)
Courts of Conscientious Laws
Equity courts were primarily called the Courts of Conscientious Laws.
Equity courts can overruled the Common Law provisions and the rules and producers were more
liberal and flexible.
What was the main aim of Equity courts?
The main aim of Equity courts were to mitigate the suffering of the litigant parties.
The Administration of Justice Act, 1841
Equity Courts (Chancary Court)
1. The Exchequer: the Exchequer was dealt only financial matters of equity jurisdiction.
2. The Exchequer of Pleas: the Exchequer of Pleas was dealt all others equity matter,
excluding the financial matters.
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Why the Exchequer of Pleas loss of its Equitable Jurisdiction?
With the shift of the Exchequer of Pleas towards are Common Law courts and loss of its equitable
jurisdiction by The Administration of Justice Act, 1841. Then the Chanary become only national
equitable body in the English Legal System and the Chanary was applied the national equitable
jurisdiction.
What is Curia Regis?
 Curia Regis was the King’s Council (the Representative of King)
 Chanary was the personal body of staff of Lord Chancellor.
When Chanary became an entire judicial body?
In 15th Century the Chanary became an entire judicial body.
Criticism of Equity Courts during Elizabeth-1
There were some criticism of equity courts during the queen Elizabeth-1:
1. Slow Pace
2. Large Back Logs and
3. High Cost
When the Common Law courts began?
The Common Law courts began in 1850s and finally succeeded with the 1873 and 1875.
Which Act dissolved the Chanary and created a new High Court?
The Supreme Court of Judicature Act dissolved the Chanary and created a new unified High
Court of justice with the Chanary division- 1 of 3 divisions of the High Court succeeding the court
of Chanary as an equitable body.
The Supreme Court of Judicature Act, 1873 and 1875
There were two (2) courts under The Supreme Court of Judicature Act, 1873 and 1875:
1. High Court and
2. Court of Appeal
High Court had 3 divisions:
1. Chanary Division
2. Queens Bench Division and
3. Probate, Divonce and Admiralty Division
Officers of the Equity Courts
1. Lord Chancellor: Vice Chancellor and Chanary
2. Master of the Rules: 12 Masters, Frequently called assistances from the Common Law
Judges.
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Functions of Equity Courts
1. Administration of estates of deceased person;
2. Dissolution of partnership and partnership accounts;
3. Redemption of foreclosure of Mortgage;
4. Rising of portion or other charge of land;
5. Sale and distribution of property subject to a lien or charge;
6. Execution of trust;
7. Ratification, cancellation or set a side of any written/dead instruments;
8. Specific performance of contract;
9. Partition all sale of real estate;
10.Wardship of infants in case of their estates.