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Law Notes Equity Notes

Unconscionable Conduct Notes

Updated Unconscionable Conduct Notes

Equity Notes

Equity

Approximately 94 pages

These notes discuss equitable rights and assignments as well as fiduciary duties of parties and unconscionability. It deals with the relationship between equity and the common law....

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UNCONSCIONABLE CONDUCT EQUITY 16 UNCONSCIONABLE CONDUCT * * Types of unconscionable conduct include: o Fraud o Unconscionable dealings o Estoppel Can be used to set aside a contract Fraud: * Equitable fraud is the foundation for various doctrines: o Constructive trusts o Fiduciary breaches o Undue influence o Unconscionability * Equity is more expansive than common law "Breach of the sort of obligation which is enforced by a court that from the beginning regarded itself as a court of conscience" * Duress of undue influence or pressure in Equity * Preventing a statutory requirement from being an instrument of fraud * Fraud on a power * Innocent misrepresentation * Mistake * Equity will not permit a statute to be a cloak for an instrument of fraud o Statute of Frauds o Wills Act SS? Stipulate certain formalities Fraud on a power: * An authority to dispose of property irrespective of the donees existing interest o Donee = person exercising power (trustee/solicitor/agent) o Object = person to whom the property is disposed (beneficiary) o Donor = person conferring authority on the done (owner who gives power) * Legal power: o Power of attorney o Can happen when someone is still capable * Equitable power: o Power of a fiduciary o High standard of good faith EQUITY 17

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