Owners Face Huge Legal Payments After Ssb Law Agency Collapses

The Court of Chancery, London, England, early 19th centuryEquity is a physique of guidelines that developed in England separately from the "common law". The Lord Chancellor then again, because the King's keeper of conscience, may overrule the judge-made law if he thought it equitable to take action. Whereas neither the common law nor civil law methods permit individuals to split the possession from the control of one piece of property, equity allows this through an arrangement often identified as a trust. Trustees control property whereas the beneficial, or equitable, possession of trust property is held by people often recognized as…