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Equity is a set of legal principals following the English common law convention and mitigates common law allowing courts to use their discretion and trusts are people capable of disposing freely of their property to trustees in form of a will.

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βˆ™ 10y ago
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βˆ™ 1mo ago

Equity refers to a system of law that developed in England separate from common law, focusing on fairness and justice. Trusts are legal arrangements where assets are held by a trustee for the benefit of beneficiaries. Equity and trusts govern relationships involving property rights and obligations.

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Q: What is the meaning of equity and trusts?
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