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Form and substance in equity

McFarlane, B; (2019) Form and substance in equity. In: Robertson, A and Goudkamp, J, (eds.) Form and substance in the law of obligations. (pp. 197-218). Hart: Oxford, UK. Green open access

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Abstract

Ben McFarlane The argument of this chapter is that the distinction between form and substance is crucial to understanding and justifying the distinction between common law and equity and, more fundamentally, the distinction between two different types of legal rule. The terms ‘form’ and ‘substance’ are used here in a particular sense: ‘form’ refers to the type of legal relation arising from the parties’ dealings and the application of particular rules to those dealings; ‘substance’ refers to the effect in practice of such dealings and rules. The argument here is not based on the notion that ‘equity looks to the substance not the form’. In fact, this chapter asserts something close to the opposite: the key to understanding much equitable intervention in the law of obligations lies in paying very close attention to the form of the legal relations involved. Three main points will be made. First, in seeking to...

Type: Book chapter
Title: Form and substance in equity
ISBN-13: 9781509929450
Open access status: An open access version is available from UCL Discovery
DOI: 10.5040/9781509929481.ch-009
Publisher version: https://doi.org/10.5040/9781509929481.ch-009
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Laws
URI: https://discovery.ucl.ac.uk/id/eprint/10071084
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