Course Curriculam

Course Code: LAW543 Credit Units L T P/S SW AS/DS FW No. of PSDA Total Credit Unit
Course Level UG 3 0 0 0 0 0 0 3
Course Title Equity and Trust

Course
Description :

Course Objectives :

SN
Objectives
.
The objective of the course is to acquaint the students with the General Equity maxims, evolution of law thereto coupled with fusion of law and equity
1
with stress on concept of trust and Indian Trust Act ,1882 .

Pre-Requisites : General

Course Contents / Syllabus :

SN. Module Descriptors / Topics Weightage

Module I:
Concept &
1 Historical Concept of Equity , History and development of Equity in England , Indian Legal System and Equitable principles 20.00
development
of Equity
Delay defeats equity, Equity acts in personae , He who seeks equity must do equity , He who seeks equity must
Module II:
come with clean hands , Equity follows the law , Equality is equality, Equity will not suffer a wrong without a remedy
Maxims &
2 , Equity looks to intent rather to the form , Equity imputes an intention to fulfill an obligation , Where equities are 20.00
Principles of
equal the first in time shall prevail , Where equities are equal the law shall prevail , Equity regards that as done
Equity
which ought to be done .
Module III:
Concept , meaning , Classification / kinds of Trust , Fiduciary Relations , endowments ,Trust and Breaches ,
3 Trusts in 20.00
doctrine of Cy-press
General
Module IV:
Creation of Trusts, Duties and Liabilities of Trustees, Rights and Powers of Trustees ,Disabilities of Trustees, Rights
The Indian
4 and Liabilities of the Beneficiary, Vacating the office of Trustee, Extinction of Trusts , Obligation in the nature of 40.00
Trust Act ,
trusts, Extinction of Trusts
1882

Course Learning Outcomes :

SN. Course Learning Outcomes

This course acquaints students with the general Equitable principles some of which are already finding mention in various Statutes and in addition
1
students can acquire an in depth knowledge of institutions like Trust .

Pedagogy for Course Delivery :

SN. Pedagogy Methods
The course will be conducted using lectures, assignments. The students will be acquainted with important case laws on the subject to understand
1
the intricacies involved in the banking transactions.

Theory /VAC / Architecture Assessment (L,T & Self Work): 100.00 Max : 100

Attendance+CE+EE : 5+25+70

SN. Type Component Name Marks

1 Attendance 5.00
2 End Term Examination (OMR) 70.00
3 Internal MID TERM EXAM 10.00
4 Internal PROJECT 10.00
5 Internal VIVA VOCE 5.00

Lab/ Practical/ Studio/Arch. Studio/ Field Work Assessment : 0.00 Max : 100

N/A

List of Professional skill development activities :

No.of PSDA : 0
N/A

Text & References :

SN. Type Title/Name Description ISBN/ URL

Principles of Equity with Trust and Specific
1 Book
Relief – M.P.Tandon
Equity , Trust and Specific Relief ACT -
2 Book
Aquil Ahmed
3 Book Principles of Equity – Snell
The Elements of Equity – Jhabval
4 Book
Noshirvam
5 Book • Modern Equity - Hanbury and Maudsley