Maxims of Equity

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55 Terms

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Maxims of Equity

Guiding principles established by the courts of equity to ensure justice and fairness in legal matters.

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Equity will not suffer a wrong to be without a remedy

This maxim asserts that equity ensures every wrong has a corresponding remedy.

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Ubi jus ibi remedium

Latin for 'where there is a right, there is a remedy'; it underlines the principle that legal rights must have corresponding remedies.

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Equity follows the law

Equity does not override common law but complements it, filling gaps when necessary.

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Where there is equal equity, the law shall prevail

In conflicts between legal and equitable claims, the legal claim takes precedence if both are equally valid.

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He who seeks equity must do equity

Anyone seeking justice in equity must act fairly and justly towards others involved in their claim.

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He who comes to equity must come with clean hands

A party seeking equitable relief must not be guilty of wrongdoing related to their claim.

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Delay defeats equity

Equity does not assist those who have been negligent or inactive in pursuing their rights.

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Equality is equity

Equity favors equal treatment and division among parties entitled to benefits unless otherwise justified.

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Equity looks to the intent rather than to the form

Equity prioritizes the substance of matters over strict adherence to formality.

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Equity looks on that as done which ought to be done

Agreement intended to be fulfilled is treated as if it has already been completed.

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Equity imputes an intention to fulfill an obligation

If an act can be seen as fulfilling an obligation, the court will interpret it as such.

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Equity acts in personam

Equity targets individuals directly, rather than merely their property, in its relief efforts.

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What is Equity?

A body of law that aims to provide fairness and justice in legal matters, supplementing common law.

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Jurisdiction of Equity

The authority of courts to administer justice according to principles of equity.

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Equitable Remedy

A form of judicial relief that is based on fairness and ethical considerations rather than legal rights strictly.

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Injunction

A court order that requires a party to do or refrain from doing specific acts.

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Specific Performance

A legal remedy where the court orders the party to fulfill their contractual obligations rather than compensating for damages.

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Rescission

A remedy that cancels a contract and restores the parties to their pre-contractual position.

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Reformation

A judicial remedy that modifies a written agreement to reflect the true intentions of the parties.

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Constructive Trust

A remedy imposed by the court to prevent unjust enrichment in cases of wrongdoing.

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Equitable Estoppel

A principle that prevents a party from arguing something contrary to a claim they previously made when it would be unjust to allow them to change their position.

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Maxim: Equity will not suffer a wrong to be without a remedy

Ensures that for every wrong, there is a remedy available.

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Maxim: Ubi jus ibi remedium

Latin axiom meaning 'where there is a right, there is a remedy'.

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Maxim: Equity follows the law

Principle that equity complements and does not override the common law.

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Maxim: Where there is equal equity, the law shall prevail

In case of conflict between legal and equitable claims, the law takes precedence.

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Maxim: He who seeks equity must do equity

Requests for equitable relief must come from parties acting fairly.

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Maxim: He who comes to equity must come with clean hands

A claimant in equity must not have engaged in misconduct related to the issue.

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Maxim: Delay defeats equity

Equity aids those who act promptly; delay can bar recovery.

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Maxim: Equality is equity

An equitable principle advocating equal treatment in similar circumstances.

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Maxim: Equity looks to the intent rather than to the form

Focus on the underlying intention rather than strict legal formalities.

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Maxim: Equity looks on that as done which ought to be done

Intentions of the parties are treated as fulfilled if they were meant to be.

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Maxim: Equity imputes an intention to fulfill an obligation

Courts interpret actions as fulfilling obligations if the intention is clear.

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Equity acts in personam

Equity actions are targeted at individuals rather than merely their property.

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Chancery Courts

Courts historically established to handle cases of equity.

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Equitable Defence

A defence in equity that counters a claim by focusing on fairness.

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Clean Hands Doctrine

A principle that denies relief to a claimant who has acted unethically in the matter at hand.

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Provisional Remedies

Temporary relief granted to prevent imminent harm before a final decision is made.

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Equitable Assignments

Transference of benefits or rights in equity, often under contractual obligations.

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Equity and Common Law

Equity complements common law by providing remedies and justice not available under the strict law.

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Trust Law

The area of law governing the creation and administration of trusts in equity.

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Statutory Equitable Relief

Equitable remedies provided for by statute, enhancing access to justice.

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Requisites of Equitable Relief

Requirements including the need for a wrong, the availability of remedy, and no adequate remedy at law.

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Negligence in Equity

Negligence can affect one’s ability to seek equitable relief, highlighting the importance of prompt action.

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Equitable Lien

A right to keep possession of another's property until a debt owed by that person is discharged.

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Equitable Apportionment

Distribution of benefits or burdens in a fair and just manner among parties.

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Equitable Distribution

Fair distribution of marital property during divorce proceedings based on equitable principles.

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Conversion

The wrongful exercise of dominion over someone else’s property that deprives them of its use.

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Fraud in Equity

Deceit used to gain an advantage in a legal matter, affecting equitable rights.

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Trustee

An individual or organization that holds property in trust for the benefit of another.

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Beneficiary

A person or entity that benefits from a trust or will.

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Undue Influence

The excessive pressure on a person to make decisions against their free will, often in matters of equity.

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Subrogation

Legal principle allowing one party to step into the shoes of another to claim their rights.

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Compelling Performance

Court-ordered compliance with a contractual obligation.

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Equitable Title

The interest held by a party in property, giving them rights to obtain legal title.