Distinguish between Legal interests and equitable interests.

      

Distinguish between Legal interests and equitable interests.

  

Answers


Maurice
(a) Legal interest: this is a right over the land of another. For example, easement, legal mortgage.
It is an interest which is capable of subsisting or being conveyed or created at law.
It is enforceable against every one.

(b) Equitable interest: this is a right recognized by equity only and enforceable against all
others except a bona fide purchaser of a legal interest without notice of the equitable
interest, examples include restrictive covenants.
maurice.mutuku answered the question on April 30, 2018 at 11:55


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