Equity and Financial Risk Allocation (LAWS5174)


The objective of this unit is to introduce the role of equity as a potential mechanism for allocating risk in commercial transactions. The unit introduces equitable doctrines not covered in the Equity Unit, such as penalties, the doctrines of contribution, subrogation, marshalling and set-off. The Unit explores how these doctrines assist in determining how parties in a commercial transaction should bear the financial risk. It also compares and contrasts the equitable principles with analogous common law rules and considers the impact of statute on these doctrines.

Our courses that offer this unit of study

Further unit of study information


2x2-hr seminars/week for 10 weeks


3000wd answer to a problem question (30%) and 2hr exam (70%)

Faculty/department permission required?


Unit of study rules


LAWS2004 or LAWS2015 or LAWS5015



Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.