Before delving into the complexities of trust law, it is important to know the different equitable maxims which could be applied. Equitable maxims are often cited by both commentators and judges. They are useful for simplifying complex legal rules into one simple sentence.

What is the significance of the maxims of equity?

The Maxims Of Equity. These are the general legal principles that have been adopted threw following precedent in regard to equity. These maxims are the body of law that has developed in relation to equity and these help to govern the way equity operates.

Why is equity important in law?

In conclusion, today, Equity's importance as a modern source of law can be understood from its key attributes of: preventing strict legal rules being applied unjustly; creating substantive rules itself, especially in the law of trusts; and lastly, creating procedural rules and remedies[18].