Equity - Law Dictionary Search Results
Mortgage
the property has been sold under powers to satisfy the debt, it is redeemable in a Court of Equity upon payment of the debt or loan, with interest and expenses, at any period within twelve (formerly twenty)
Priority
by the section, see Dearle v. Hall. In regard to mortgages: before 1926, puisne mort-gagees to whom the equity of redemption was conveyed in succession obtained priority by the order in date of their mortgages, subject to
Uses
at Common Law as the absolute tenant of the fee. (8) A use, being but the creature of equity, could not have been taken in execution for the debts of the cestui que use; for there was
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Supreme Court of Judicature
any judgment or order of the High Court; power was given to each division to administer law and equity concurrently, with preference for the rules of equity, where they should be found to be in conflict with
chancery
chancery [Middle English chauncery, alteration of chancellerie chancellor's office] 1 cap : the court having equity jurisdiction in England and Wales and presided over by the Lord Chancellor of Great Britain NOTE: Formerly a
Money land
Money land. In equity, land articled or devised to be sold, and turned into money, is considered as money, and money articled
Discovery
a right, the repelling of an unjust demand, or the redress of a wrong; an infirmity which the equity judges cured by compelling such a party to disclose the fact, or discover the document, upon his oath,
Equitable estates and interests
implied or by operation of law. In theory the legal owner alone was entitled, both in law and equity, to the property, and he alone was responsible for the obligations and incidents attaching to the property, the
Chose
be transferring a lawsuit to a mere stranger, though the assignee might, at law, and was assisted in equity to sue the debtor in the name of the assignor. At law, therefore, with the exception of negotiable
Power
power of the second sort. The legal interest is not divested by the execution of the power, but equity will compel the person seised of it to clothe the estate created with the legal right. Powers deriving
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