Equity Seminar 2 Quiz

Equity Seminar 2 Quiz

University

8 Qs

quiz-placeholder

Similar activities

Indian Gods and Godessess

Indian Gods and Godessess

3rd Grade - Professional Development

10 Qs

Publess Quiz Round 4 Bardcore Covers

Publess Quiz Round 4 Bardcore Covers

University

10 Qs

TOPIC 2 : ACCOUNTING CLASSIFICATION AND EQUATION

TOPIC 2 : ACCOUNTING CLASSIFICATION AND EQUATION

University

10 Qs

FInancial Statements

FInancial Statements

University

10 Qs

Principles of Accounting

Principles of Accounting

University

10 Qs

The accounting equation:

The accounting equation:

12th Grade - University

9 Qs

Guess the Blockbuster Movies (Posters)

Guess the Blockbuster Movies (Posters)

University - Professional Development

10 Qs

COST OF CAPITAL

COST OF CAPITAL

University

9 Qs

Equity Seminar 2 Quiz

Equity Seminar 2 Quiz

Assessment

Quiz

Other

University

Medium

Created by

Sam McCormick

Used 3+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Equity arose as a body of law…

Because early Lord Chancellors would not tolerate plaintiffs without clean hands

Gradually, in chancery in response to the inaccessibility and inflexibility of the medieval common law

As a direct result of the passing of the Judicature Acts

In Anglo Saxon times as a result of the sense of justice and fairness often associated with Anglo Saxon rulers such as Alfred the Great

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which statement best explains how the separation of title arose?

–

To enable medieval peasants to avoid paying death duties

Because the monarch owns all the land in the UK

Because the Lord Chancellors began to rule that under certain circumstances, it is necessary to recognise that the true owner of the property is someone other than the owner of that property

To enable those who were away on crusade to remain legal owners of their estates

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How did the Lord Chancellor become a judge?

He was in charge of medieval Government

He administered the court system

He issued writs

He dealt with petitions to the king

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Earl of Oxford case (1615) 1 ch Rep 1 was important because…

It established the principle that where there is conflict between the common law and equity then equity will prevail

It established that injunctions offered a suitable alternative to damages

That equity will not allow a statute to be used as an instrument of fraud

It developed the concept of Equity’s Darling

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who was the first non-ecclesiastic Lord Chancellor?

Lord Eldon

Lord Shaftsbury

Lord Nottingham

Lord Ellesmere

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What was the name given to the early medieval trust that allowed a land owner to convey the legal title to another but, retained for his benefit?

The feudal ‘friar’

The medieval ‘use’

The great ‘estoppel’

The land ‘lease’

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why was the court of conscience said to vary like the length of the chancellor’s foot?

Because the early Lord Chancellors were ecclesiastics who dispensed justice according to their own opinions rather than based upon a system of precedent

Because medieval kings were accustomed to exercising the royal prerogative of justice in order to interfere with decisions of the Lord Chancellor

Because, before Lord Eldon, none of the Lord Chancellors were legally trained

Because the writing up of cases was too expensive

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Judicature Acts 1873-1875 were of major importance to the development of equity because

Equity is no longer a separate body of law with its own rights and remedies and courts

The court of chancery now contains both common law and equity judges but, remains a separate body of law with its own rights and remedies

Equity is a separate body of law but, its administration has become fused by courts having jurisdiction over both common law and equity

It gave statutory effect to the rule that equity prevails over the common law