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#equity #formalities #law
On the face of it, a contract to assign a subsisting equitable interest cannot itself also be a disposition of such an interest: one precedes the other. Where, however, the contract is specifically enforceable, e.g. because involving shares in a private company, the equitable interest forthwith automatically passes to the purchaser by virtue of the vendor holding the interest on constructive trust for the purchaser (subject to the price being paid).
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