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The Lord Chancellor on the other hand, as the King’s keeper of conscience, might overrule the judge-made law if he thought it equitable to do so. Whereas neither the widespread law nor civil law methods allow people to separate the possession from the control of 1 piece of property, equity allows this by way of an arrangement often known as a belief. Trustees management property whereas the beneficial, or equitable, possession of trust property is held by people known as beneficiaries. Trustees owe duties to their beneficiaries to take good care of the entrusted property. Another …