“The courts endeavour to update the principles of equity so that they are relevant to contemporary commercial realities. However, it is not an easy task- and certain issues are perhaps not as settled as they should be.”
Using the UK Law, discuss with relevance to
* Breach of trust [OR]
* Third party liability [OR]
* Tracing.

The requirement is for one essay. For clarification, the word limit is 500 words (excluding footnotes and references)