Property and Equity 2 is one of the compulsory "core" subjects of the law course. The course builds upon the foundation work covered in Property and Equity I. Course coverage: the Torrens system of land title; creation of interests under the Torrens system and the resolution of priority conflicts; the caveat system and protection of unregistered interests; alienability of interests in land and the rule against perpetuities; the law of leases; the law of mortgages and securities; co-ownership and statutory trusts for partition and sale; planning the use of land; easements and covenants.