Equity
Refers to a branch of law that focuses on fairness and justice, particularly in situations where traditional legal remedies may not suffice. Originating from the English legal system, equity seeks to address cases with moral considerations or where rigid application of the law might lead to unjust outcomes. Here’s a simple breakdown:
- Definition: A legal principle aimed at achieving fair results.
- Origin: Developed to complement common law in England.
- Focus Areas:
- Trusts: Legal arrangements for holding property on behalf of others.
- Wills: Documents that dictate the distribution of an individual’s estate after death.
- Property Rights: Issues related to ownership and use of property.
- Remedies Offered:
- Injunctions: Orders to compel or prevent actions.
- Specific Performance: A requirement to fulfill a contract as agreed.
- Goal: To ensure just outcomes, especially in complex cases involving moral or ethical dilemmas.
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