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Equity (law)
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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]
- ↑ "Equity Definition". Duhaime.com. Archived from the original on 26 April 2019. Retrieved 23 October 2015.
- ↑ "Equity Law & Legal Definitions". USLegal, Inc. Retrieved 23 October 2015.
- ↑ 3.0 3.1 "equity". Law.com/ALM. Retrieved 23 October 2015.
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