LAW5705 Advanced Equity
|Semester 1, 2012 On-campus Toowoomba|
|Faculty or Section :||Faculty of Business and Law|
|School or Department :||School of Law|
|Version produced :||30 December 2013|
Examiner: Vanitha Sundra-Karean
Moderator: Andrew Hemming
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
No study of law is complete without an understanding of the area of law which lessens and ameliorates the harsh impacts of common law rules. This course aims to provide a theoretical framework for the underlying fundamental principles of the law of Equity. The material will explore the historical development of equity, its relationship with the common law and an analysis of its current applications. Students will have an appreciation for its special characteristics and discretionary nature. The course will examine the practical application of equitable actions and remedies. In particular, a focus will be the manner in which equity may intervene in the application of more strict common law rights. Finally, students may be expected to be able to critique recent developments and comment on the direction of its principles to deal with new circumstances.
On successful completion of this course, students should be able to:
- describe the development of equitable principles and their historical and current relationship with common law actions
- identify equitable interests and relationships which create equitable duties
- recognise specific equitable obligations and the potential liabilities
- analyse the potential development of equitable principles to current and new circumstances
- apply any of the equitable principles to commercial and personal problems with a view to providing practical advice
- describe and apply the equitable remedies that may be available to a particular action
- apply general policies underlying the law of equity in Australia in order to evaluate those laws, in particular for the topics considered in this course
- locate and analyse primary law materials and secondary materials (as relevant) while critically reviewing an issue in law relevant to the topics considered in this course
- explain the legal principles relevant to the topics considered in this course
- apply such legal principles to given fact situations in order to determine the likely outcome to issues raised
- demonstrate satisfactory communication skills, including the ability to draft an internal memorandum of advice
- critically evaluate existing equitable principles.
|1.||The relationship between equity and the common law: (a) history; (b) current developments||20.00|
|2.||Equitable interests in property||10.00|
|3.||Relationships that create equitable duties and potential liabilities||20.00|
|4.||Specific equitable obligations including: (a) estoppel; (b) unconscionability; (c) undue influence; (d) duties of confidence||30.00|
Text and materials required to be purchased or accessed
ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2012&sem=01&subject1=LAW5705)
Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)
Evans, M 2011, Equity and trusts, 3rd edn, LexisNexis, Chatswood, New South Wales.
Cockburn, T, Shirley, M & Carver, T 2009, Equity and trusts, 3rd edn, LexisNexis Butterworths, Chatswood, New South Wales.
Meagher, RP, Heydon, JD & Leeming, MJ 2002, Meagher, Gummow & Lehane's equity: doctrines and remedies, 4th edn, LexisNexis Butterworths, Chatswood, New South Wales.
Student workload requirements
|Lectures and Tutorials||44.00|
|Description||Marks out of||Wtg (%)||Due Date||Notes|
|ASSIGNMENT||30||30||01 May 2012|
|PARTICIPATION||10||10||08 Jun 2012|
|2-HOUR EXAMINATION||60||60||End S1||(see note 1)|
- The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date after the timetable has been finalised.
Important assessment information
It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.
Requirements for students to complete each assessment item satisfactorily:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)
Penalties for late submission of required work:
If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.
Requirements for student to be awarded a passing grade in the course:
To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.
Method used to combine assessment results to attain final grade:
The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.
This will be an open examination. Candidates may have access to any printed or written material and a calculator during the examination.
Examination period when Deferred/Supplementary examinations will be held:
Any Deferred or Supplementary examinations for this course will be held during the next examination period.
University Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.
Referencing in assignments: Students studying this course as part of a Juris Doctor must use the Australian Guide to Legal Citation (AGLC) style. Students who are not enrolled in the Juris Doctor may use either Harvard (AGPS) or the AGLC style in their assignments to format details of the information sources they have cited in their work. For AGLC style guide enquiries, consult the AGLC manual from the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing, or contact the Law librarian. The AGPS style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.
Computer, e-mail and Internet access: Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.