Search results
Results from the WOW.Com Content Network
Maxims of equity are legal maxims that serve as a set of general principles or rules which are said to govern the way in which equity operates. They tend to illustrate the qualities of equity, in contrast to the common law, as a more flexible, responsive approach to the needs of the individual, inclined to take into account the parties' conduct and worthiness.
Marshalling is an equitable doctrine applied in the context of lending. It was described by Lord Hoffmann as: [A] principle for doing equity between two or more creditors, each of whom are owed debts by the same debtor, but one of whom can enforce his claim against more than one security or fund and the other can resort to only one.
Earl of Oxford's case (1615) 21 ER 485 is a foundational case for the common law world, that held equity (equitable principle) takes precedence over the common law.. The Lord Chancellor held: "The Cause why there is Chancery is, for that Mens Actions are so divers[e] and infinite, that it is impossible to make any general Law which may aptly meet with every particular Act, and not fail in some ...
“Accounting”: An action, usually on the equity side, to secure an adjustment of complicated accounts. [9] Making amends or restitution. To determine: To terminate; to cease; to end. To put an end to controversy by deciding the issue or issues, by making a settlement, or by adjustment. [10]
Walsh v Lonsdale (1882) 21 Ch D 9 is an English property law case about the effect of the Judicature Acts.It is the authority for the equitable maxim that "Equity regards as done that which ought to be done".
Equity (law) Erga omnes; Erie doctrine; Essential facilities doctrine; Estoppel; Evasion (law) Everything which is not forbidden is allowed; Ex turpi causa non oritur actio; Exceptional circumstances; Exclusionary rule; Executive privilege; Exhausted combination doctrine; Exhaustion doctrine under U.S. law; Exhaustion of intellectual property ...
Conceptually, equity was part of the historical origins of the system of common law of England, [2] yet is a field of law separate from common law, because equity has its own unique rules and principles, and was administered by courts of equity. [2] Equity exists in domestic law, both in civil law and in common law systems, and in international ...
A statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in shareholders' equity for a company or statement of changes in taxpayers' equity [1] for government financial statements is one of the four basic financial statements.