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Equity - Conscience Goes to Market (Hardcover)
Loot Price: R2,834
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Equity - Conscience Goes to Market (Hardcover)
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This book sets out to defend the claim that Equity ought to remain
a separate body of law; the temptation to iron-out the differences
between neighbouring doctrines on the two sides of the
Equity/Common Law divide should, in most cases, be resisted. The
theoretical part of the book is argues that the characteristics of
Equity, namely, appeal to conscience, flexibility, retroactivity
and the use of morally-freighted jargon, are essential for the
implementation of a legal ideal that has been neglected by the
Common Law: aAccountability Correspondencea. According to this
fundamental legal ideal, liability imposed by legal rules should
correspond to the pattern of moral duty in the circumstances to
which the rules apply. Equity promotes this ideal in the fields of
property and obligations by disallowing parties to exploit the
rule-like nature of Common Law norms in a way that breaches their
moral duty to the other party. By reference to various equitable
doctrines, it is argued that the faults identified by critics of
Equity, especially from the perspective of the Rule of Law, are
highly exaggerated, and that the criticism often reflects a
political belief in the supremacy of individualism and free market
over empathy and social justice. The theoretical part is followed
by three chapters, each dedicated to an in-depth analysis of the
equitable doctrines of fiduciary duties, proprietary estoppel, and
clean hands. For each doctrine, it is shown how their equitable
characteristics are indispensable for achieving their social,
ethical and economic purpose.
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