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#equity #law #tracing
The inability of the common law to trace through mixed funds, coupled with the fact that, historically, common law only provided an action for specific recovery of land and not chattels, means that tracing at common law only rarely leads to a proprietary claim in the true sense. Tracing at common law is therefore often simply the means of identifying what has happened to the claimant’s property and generally leads only to a personal claim for the value of that property against the recipient
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