Equity (law)

In common law countries equity is based on a judiciary assessment of fairness.^[1] It is what is often what is considered fair and right under natural law.^[2] It is used when the laws themselves do not address an issue or are inadequate in some way.^[3] Examples of equity decisions include imposing a lien, correcting a property line or ordering someone to do something to prevent damage.^[3]

1. ↑ "Equity Definition". Duhaime.com. Archived from the original on 26 April 2019. Retrieved 23 October 2015.
2. ↑ "Equity Law & Legal Definitions". USLegal, Inc. Retrieved 23 October 2015.
3. ↑ ^{3.0 3.1} "equity". Law.com/ALM. Retrieved 23 October 2015.