The beneficiary has the right as well as liability, against the trustee and all persons claiming under him with notice of the trust.
The judicial principles constituting the sources of equitable doctrines are commonly known as "Maxims of Equity".
The Indian Trusts Act is one of India's most significant pieces of legislation. It's main goal is to safeguard the interests of its beneficiaries.
The development of Equity under English law, we will have to go back to the 13th century when Edward I was ruling over England at that time.
The appointment of trustees under a trust is typically governed by the instrument of trust act and as per Section 73 of Indian Trust Act.
Trustees hold significant rights and powers in the administration of trust, such powers are always subject to the terms of the trust document.
A trustee is bound to refrain from doing anything that is expressly "forbidden" by the instrument of trust.
Equity is the correction of the law where it is defective on account of its generality. It is the soul and spirit of all laws.