Origin of the trust
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The creation and development of the trust under the huge umbrella of equity is a fascinating subject of study in its own right. Equity, including the trust institution, has been regarded as a unique feature of English law, created out of the need to suppress a variety of unfair practices. The origin and growth of equity was connected with the offi ce of the Chancellor and the Court of Chancery’s response to the harsh and infl exible rules that were meted out to some litigants by the King’s judges. In this chapter, we will outline some of the key factors that contributed to the growth of equity and the maxims of equity.