Counterbalancing Legal Considerations of a Court in Determining Equity:

Contravening Equity – a right or interest that is inconsistent with or contrary to a right sought to be enforced.

Countervailing Equity – a contrary and balancing equity, equally deserving of consideration.

Latent Equity – an equitable claim or right known only by the parties for and against whom it exists, or that has been concealed from one who is interested in the subject matter. — aka secret equity.

Perfect Equity – an equitable title or right that, to be a legal title, lacks only the formal conveyance or other investiture that would make it cognizable at law (i.e. the equity of a real-estate purchaser who has paid the full amount but has not yet received a deed).

Negative Equity – the difference between the value of an asset and the outstanding amount of the loan secured by the asset when the asset’s current value is less than the loan’s balance.

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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Back to Equity Law

Intro to U.S. Law

Legal Precepts Adopted (from Europe) into The U.S. Constitution

§ § of Law Embedded into the Constitution Pursuant to the American Revolution

Indian Country Law

Federal Rules of Procedure

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