Distinction between the Legal interests and equitable interests.

  • Legal interest: this is a right over the land of another. E.g. 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.
  • 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.
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