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(p. 1) 1. History of the Court of Chancery and Introduction to Equity 

(p. 1) 1. History of the Court of Chancery and Introduction to Equity
Chapter:
(p. 1) 1. History of the Court of Chancery and Introduction to Equity
Author(s):

Philip H Pettit

DOI:
10.1093/he/9780199694952.003.0001
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date: 22 February 2020

This chapter, which discusses the history of equity, trust, and the Court of Chancery in Great Britain, traces the origins of the concept of equity and analyses its relationship to the common law. It explains that trust is a legal institution that regulates the way in which a person or institution holds property not for his own benefit, but for the benefit of others. The chapter explores the relation of trusts with taxation and the conflict of laws, and explains that the Court of Chancery was appointed to exclusively enforce laws for the promotion of justice in 1875.

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