Matches in DBpedia 2016-04 for { ?s ?p "The history of equity and trusts concerns the development of the body of rules known as equity, English trust law and its spread into a modern body of trust law around Commonwealth and the United States. The law of trusts was constructed as part of \"equity\", a body of principles made by the Courts of Chancery, which sought to correct the strictness of the common law. The trust was an addition to the law of property, in the situation where one person held legal title to property, but the courts decided it was fair, just or \"equitable\" that this person be compelled to use it for the benefit of another. This recognised a split between legal and beneficial ownership: the legal owner was referred to as a \"trustee\" (because he was \"entrusted\" with property) and the beneficial owner was the \"beneficiary\"."@en }
Showing triples 1 to 1 of
1
with 100 triples per page.
- History_of_equity_and_trusts abstract "The history of equity and trusts concerns the development of the body of rules known as equity, English trust law and its spread into a modern body of trust law around Commonwealth and the United States. The law of trusts was constructed as part of \"equity\", a body of principles made by the Courts of Chancery, which sought to correct the strictness of the common law. The trust was an addition to the law of property, in the situation where one person held legal title to property, but the courts decided it was fair, just or \"equitable\" that this person be compelled to use it for the benefit of another. This recognised a split between legal and beneficial ownership: the legal owner was referred to as a \"trustee\" (because he was \"entrusted\" with property) and the beneficial owner was the \"beneficiary\".".