A judge-madelaw, but expresses its own distinct tradition, where commonlaw is a tradition of governance by rules that are sovereign to the interests and power to the powersofparticulars, authorisesjudges to departfromlegalrules to meettherequirements of justice in particular cases.
How is trust defined relative to equity?
Trust is defined as, relative to the concept of equity, a right of property held by oneparty (the trustee) for the benefit of another (the cestui que trust or beneficiary).
