What is Equity?

by | Jan 8, 2024 | Useful Info

  1. Equity sees that as done what ought to be done.
  2. Equity will not suffer a wrong to be without a remedy.
  3. Equity delights in equality.
  4. One who seeks equity must do equity.
  5. Equity aids the vigilant, not those who slumber on their rights.
  6. Equity imputes an intent to fulfill an obligation.
  7. Equity acts in personam.
  8. Equity abhors a forfeiture.
  9. Equity does not require an idle gesture.
  10. He who comes into equity must come with clean hands.
  11. Equity delights to do justice and not by halves.
  12. Equity will take jurisdiction to avoid a multiplicity of suits.
  13. Equity follows the law.
  14. Equity will not aid a volunteer.
    (As Lord Eldon said: “If you are a volunteer you shall not have the help of a Court of Equity to make you a cestui que trust.” )
  15. Where equities are equal, the law will prevail.
  16. Between equal equities the first in order of time shall prevail.
  17. Equity will not complete an imperfect gift.
  18. Equity will not allow a statute to be used as a cloak for fraud.
  19. Equity will not allow a trust to fail for want of a trustee.
  20. Equity regards the beneficiary as the true owner.