Equitable - Law Dictionary Search Results

fair and square

justly honestly equitably impartially Opposite of unfairly

other instrument under seal, or is otherwise made or constituted a specialty debt. The priority in legal and equitable assignments of equitable choses in action are determined accord-ing to the date of receipt of notice by the

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Notice

to the forgoing limitations on the doctrine and effect of notice, a purchaser of a legal estate or equitable interest in land will be affected by every and any right, equity, or incumbrance of which he has

Equity of redemption

Equity of redemption. Before 1926 the equitable estate or interest left in a person after he had mortgaged his property. Now the right to call

Law of Property Act, 1925 (English)

fee simple, leased and mortgaged at the same time. all other estate and interests inland are reduced to equitable interests. All mortgages of the same legal estate under the statutory conditions are legal estates. None being for

Uses

and laid the foundation of modern conveyancing. Before the Statute of Uses, a use was in its nature equitable, as such; it may be defined to have been a right in Chancery to the beneficial ownership of

Joint-tenancy

is repugnant and they take as joint-tenants. This and the following paragraphs still hold good in respect of equitable interests in joint estates in land, the beneficial ownership of a legal estate in land of joint-tenants having

Tail

Tail [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of

estoppel

to the use of contradictory words or acts in asserting a claim or right against another ;esp : equitable estoppel in this entry compare waiver equitable estoppel : an estoppel that prevents a person from adopting a

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