Maxims of Equity - Equity Will Not Complete An Imperfect Gift

Equity Will Not Complete An Imperfect Gift

If a donor has made an imperfect gift, i.e. lacking the formalities required at common law, equity will not assist the intended donee. This maxim is a subset of equity will not assist a volunteer .

Note the exception in Strong v Bird (1874) LR 18 Eq 315. If the donor appoints the intended donee as executor of his/her will, and the donor subsequently dies, equity will perfect the imperfect gift.

Read more about this topic:  Maxims Of Equity

Famous quotes containing the words equity, complete and/or imperfect:

    If equity and human natural reason were allowed there would be no law, there would be no lawyers.
    Christina Stead (1902–1983)

    What I expect from my male friends is that they are polite and clean. What I expect from my female friends is unconditional love, the ability to finish my sentences for me when I am sobbing, a complete and total willingness to pour their hearts out to me, and the ability to tell me why the meat thermometer isn’t supposed to touch the bone.
    Anna Quindlen (20th century)

    Art is a reality, not a definition; inasmuch as it approaches a reality, it approaches perfection, and inasmuch as it approaches a mere definition, it is imperfect and untrue.
    Benjamin Haydon (1786–1846)