* not completed

. What is the meaning of the word 'equity'?

The ability to make exceptions to the legal rule correct incorrect

A body of law developed by the Court of Chancery correct incorrect

Fairness correct incorrect

A share in a company correct incorrect

* not completed

. How did the Lord Chancellor become a judge?

He dealt with petitions to the king correct incorrect

He administered the court system correct incorrect

He issued writs correct incorrect

He was in charge of medieval government correct incorrect

* not completed

. What is the importance of the Earl of Oxford's Case (1615) 1 Ch Rep. 1?

It established that fraud would no longer be tolerated in the common law courts correct incorrect

It developed the use of injunctions correct incorrect

It showed the power of the king correct incorrect

It established that equity prevailed over the common law correct incorrect

* not completed

. What is the importance of Lord Eldon?

He was Lord Chancellor for a long time correct incorrect

He established the system of law known as equity correct incorrect

He established a system of precedent in equity correct incorrect

He stopped equity looking for justice and fairness correct incorrect

* not completed

. The Judicature Acts 1873-1875 were of major importance for equity. Which of the following did the Judicature Acts not do?

Fuse the systems of common law and equity correct incorrect

Give statutory effect to the rule that equity prevails over the common law correct incorrect

Establish one court system for both common law and equity correct incorrect

Allow any court to deal with both common law and equity correct incorrect

* not completed

. How did a use work?

The duties of the feoffees to uses were enforced by the common law courts correct incorrect

The rights of the cestuis que use were enforced by the Court of Chancery correct incorrect

The Statute of Uses 1535 executed the use correct incorrect

The legal rights of the feoffees to uses were ignored correct incorrect

* not completed

. Comparing a trust with a contract brings out some of the basic characteristics of trusts. Which of the following is not a characteristic of a trust?

The beneficiaries give no consideration correct incorrect

The beneficiaries have proprietary rights correct incorrect

The beneficiaries may sell their equitable interests correct incorrect

The beneficiaries may enforce the trusts against the settlor correct incorrect

* not completed

. What is the difference between a trust and agency?

Trustees have a fiduciary duty, agents do not correct incorrect

Trustees hold trust property, agents do not correct incorrect

Trustees must not make unauthorized profits, agents may correct incorrect

Trustees may not delegate their duties; agents may correct incorrect

* not completed

. It has been said, by Lord Denning, among others that 'Equity is not past the age of child bearing'. What does this mean?

Equity has a jurisdiction to protect women with children correct incorrect

Judge made law must be based on existing precedent and principle correct incorrect

Equity may recognize new rights correct incorrect

Equity must achieve justice in each case correct incorrect

* not completed

. What is a maxim of equity?

A binding rule of equity correct incorrect

A moral principle correct incorrect

A general principle around which much of the law of equity has formed correct incorrect

A general ethical statement correct incorrect