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The Lord Chancellor however, as the King’s keeper of conscience, may overrule the judge-made law if he thought it equitable to take action. Whereas neither the common law nor civil law techniques permit folks to separate the possession from the control of 1 piece of property, equity permits this through an association often known as a trust. Trustees management property whereas the useful, or equitable, possession of trust property is held by folks often known as beneficiaries. Trustees owe duties to their beneficiaries to take excellent care of the …
