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LSDefine

Simple English definitions for legal terms

equity

Read a random definition: double gibbet

A quick definition of equity:

Equity is a type of solution that a court can give when someone has been wronged. It's different from a regular solution because it doesn't involve money. Instead, it might be something like making the person who did wrong do a specific thing, or stopping them from doing something. This type of solution is used when a regular solution wouldn't be enough to fix the problem. In the past, there were special courts just for equity, but now most courts can give both regular and equitable solutions.

A more thorough explanation:

In law, equity refers to a set of remedies and procedures that are different from legal ones. Legal remedies usually involve money, while equitable relief involves injunctions, specific performance, or vacatur. Courts award equitable remedies when a legal remedy is not enough. For example, if a claim involves a unique piece of real estate, the court may award equitable relief.

The distinction between legal and equitable remedies originated in England, where there were separate courts for each. In America, some states created chancery courts that only deal with equitable relief. Today, most courts can prescribe both legal and equitable remedies.

Courts are sometimes hesitant to impose equitable relief because it requires monitoring the defendant's compliance with the court order. However, the Supreme Court has encouraged the use of equitable remedies in certain areas of law.

For example, in CIGNA v. Amara, the Supreme Court held that for violations of ERISA, the aggrieved party may be entitled to "obtain other appropriate equitable relief" in addition to legal remedies. In Montanile v. Bd. of Trs. of Nat'l Elevator Indus. Health Benefit Plan, the Supreme Court narrowed the scope of equitable remedies for ERISA violations.

John Norton Pomeroy's A Treatise on Equity Jurisprudence is an authoritative source on equitable remedies in the United States.

equitable subordination | equity of redemption

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Bettercaulsaul
22:28
Helpful video I found https://youtu.be/2ZVrX6DTSKU?si=KsZeWbF4_fJuqKl5
23:17
who up lsdin they law
8:27
now why does the basement here reek of glossier you
any spivey thoughts? thinking about applying for pro bono
What constitutes "diverse background" for the spivey pro bono?
I'm as "nURM" as they come, but I was the victim of a violent crime which absolutely tanked my grades. I would really want expert help on tackling that in my GPA addendum and my PS, but don't really have thousands to throw at consultants
no harm applying ig
Yeah, good point. Not up to me to tell myself no! Just don't want to waste their time
9:25
I’m a supporter of wasting Spivey’s time
9:26
I hate that bum
yeah I think consultant services are overall predatory and classist but yknow I wouldn’t say no to someone helping me out for free
DarioDarko
9:40
On LSAC, you can find a career advisor from your undergrad. That’s what I used
DarioDarko
9:41
Otherwise I’ve been a journalist for past 4 years professionally and 8 total. Would be happy to help proofread
9:42
[deleted by esoterica]
9:42
But the other consultants are probably fine
9:43
He posted some of his writing from his blog once as an example of what a PS should look like and it is so horrendous you guys
9:45
I’m going to be nice. All I will say is I don’t think this caliber of writing would be beneficial to your law school application
tbf it isnt spivey whos editing your personal statement
9:50
Yeah agreed the other people at the firm are prob fine
9:51
But please read that blog post it’s soooo funny
ahahahahhahaha yeah i am sure one if not the most trusted law school admissions consulting service cant write all fancy dancy when they fucking want lmfao
you like one of those idiots who think spelling is a sign of ingelligence
I am REALLY impressed with the way you know words
i think hes seen interstellar too many times
Yeah he shoulda quoted the bible
bitch he didn’t quote anything
you need some inpatient help my man
NosyBeagle
9:58
never heard of this guy. i am intrigued
@NemoPropheta: lmfao we got law schools sending out typos and this bitch is over here thinking an informal blog post is indicative of the writing ability of one of the top admissions consulting services with a track record proven over years, with many customers getting what they want, ie t14
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