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LSDefine

Simple English definitions for legal terms

equity

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A quick definition of equity:

Equity is a type of solution that a court can give when someone has been wronged. It's different from a regular solution because it doesn't involve money. Instead, it might be something like making the person who did wrong do a specific thing, or stopping them from doing something. This type of solution is used when a regular solution wouldn't be enough to fix the problem. In the past, there were special courts just for equity, but now most courts can give both regular and equitable solutions.

A more thorough explanation:

In law, equity refers to a set of remedies and procedures that are different from legal ones. Legal remedies usually involve money, while equitable relief involves injunctions, specific performance, or vacatur. Courts award equitable remedies when a legal remedy is not enough. For example, if a claim involves a unique piece of real estate, the court may award equitable relief.

The distinction between legal and equitable remedies originated in England, where there were separate courts for each. In America, some states created chancery courts that only deal with equitable relief. Today, most courts can prescribe both legal and equitable remedies.

Courts are sometimes hesitant to impose equitable relief because it requires monitoring the defendant's compliance with the court order. However, the Supreme Court has encouraged the use of equitable remedies in certain areas of law.

For example, in CIGNA v. Amara, the Supreme Court held that for violations of ERISA, the aggrieved party may be entitled to "obtain other appropriate equitable relief" in addition to legal remedies. In Montanile v. Bd. of Trs. of Nat'l Elevator Indus. Health Benefit Plan, the Supreme Court narrowed the scope of equitable remedies for ERISA violations.

John Norton Pomeroy's A Treatise on Equity Jurisprudence is an authoritative source on equitable remedies in the United States.

equitable subordination | equity of redemption

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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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