What should IEquatable do when this == null and obj == null?
1) This code is generated
The reason F# does this (I suspect) to optimize empty lists as null.
By adding this check, it allows one to call an instance method on a null instance without any problems.
See my blog post from a while back.
In C#, this is irrelevant.
To answer the question:
It should return true as both instances are null and deemed equal.