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What is equity
The body of legal principles deisgned to ensure fairness
‘Equity will not perfect an imperfect gift’ (cornerstone of property law) aim?
It restricts the scope of equity to uphold legal formalities
Aim of excpetions?
To complete otherwise imperfect gifts in clear, explicit circumstances
PvW implications?
Lead to ambiguity and compromised the law’s predictability and clarity
Thesis
Assess the arguable weakening of the certainty and clarity of property transfer