Equity Flashcards

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1
Q

Injunction

A
  1. Inadequate remedy at law
  2. A showing that the injunction is enforceable by the court; and
  3. A showing that the harm to the plaintiff outweighs the burden of the injunction on the defendant.
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2
Q

Inadequacy at law

A

i) Money damages are insufficient to fully compensate for irreparable harm;
ii) Damages are uncertain or unfairly speculative;
iii) The subject matter of the lawsuit (e.g., a contract for the sale of specific land) is unique;
iv) The defendant is insolvent;
v) Compensation for the harm would require the filing of successive lawsuits; or
vi) The nature of the defendant’s conduct is willful.

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3
Q

Grounds for reformation

A
  1. Fraud
  2. Mutual Mistake
  3. Unilateral mistake (sometimes)
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4
Q

Defenses to Reformation

A
  1. Unclean Hands
  2. Laches
  3. Undue Harship
  4. Sale to Bona Fide Purchaser
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5
Q

Unclean Hands

A
  • must not have engaged in any wrongdoing toward the defendant or the subject matter of the litigation
  • that related to the specific transaction that is the subject matter of the litigation and
  • caused prejudice to the defendant.
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6
Q

Laches

A

party unreasonably delays initiating or pursuing her claim

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7
Q

Estoppel

A
  • party acts improperly and
  • the other party relies on his actions to that party’s detriment,
  • the party acting improperly may be estopped from asserting a defense.

*This can also happen in cases when there was a duty to act and a party failed to do so.

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8
Q

Constructive Trust

A

i) The defendant has legal title to real property belonging to the plaintiff;
ii) The defendant will be unjustly enriched if title remains in him; and
iii) The legal remedy is inadequate.

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9
Q

Equittable Lien

A
  • It may be imposed by a court on real property of the defendant
  • when the defendant has unlawfully obtained other property of the plaintiff.
  • Such a lien gives the plaintiff priority over other creditors because the imposition of the equitable lien relates back to the point in time when defendant unlawfully obtained title to the property.
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10
Q

Subrogation

A

When one party involuntarily discharges the debt or other obligation owed by the defendant, he may seek repayment from the defendant

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