PPL 403 - Equity and Trusts I

4 Unit(s)

General Principles of Equity: (a) Nature, doctrine and history of equity, its development in England and its introduction to Nigeria (b) the relationship between equity and common Law (c) conflict between equity and customary law (d) maxims of equity; nature of equitable rights and interests (e) priorities (f) assignment of choses in action (g) conversion; election; satisfaction. Remedies and defences: (a) equitable remedies – Injunctions: specific performance; rescission; rectification; delivery up and cancellation of documents; account; receivership; restitution (b) equitable defences – estoppel, laches and acquiescence.