Equity Flashcards

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1
Q

Torts Remedies

A

(1) Injunctive Relief (permanent v. preliminary)
(2) Constructive Trust
(3) Equitable Liens

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2
Q

Preliminary Injunctive Relief

A

(1) P must establish irreparable injury (need relief NOW)
(2) P must establish likelihood of success on the merits of case
BONUS: court should impose a bound requirement
*Irreparable injury and likelihood of success
NOTE: TRO issued pending a hearing to determine injunction (same test)

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3
Q
Permanent Injunction (I Play First Base Dummy)
If defamation or invasion of privacy, usually denied on free speech grounds
A

(1) Inadequate legal remedy (irreprable, speculative, continuing wrong, insolvent)
(2) Protectible Interest
(3) Feasibility of Enforcement - problem w/ mandatory injunction b/c difficult to supervise or effective compliance
(4) Balancing of Hardship - D burden - There must be substantially more hardship than benefit
(5) Defenses - Unclean hands (must be related to the suit); laches (inequitable delay/unreasonable and prejudicial)

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4
Q

Constructive Trusts (return) and Equitable Liens (judicial sale) D MUST HAVE TITLE

A

RULES: (1) Inadequate legal remedy (b/c insolvent or unique); (2) Tracing allowed; (3) BFP prevails over P w/out knowledge
*If property value goes up - CT; If property value goes down - equitable lien

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5
Q

Contract Remedies

A

(1) Specific Performance - Vice President Is From Delaware
(2) Recission - Good Dog
(3) Reformation - Very Good Dog

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6
Q

Specific Performance

A

(1) Valid contract
(2) Performance of P must be assured (already performed or ready to)
(3) Inadequate Legal remedy - usually unique or land (PP is not unique unless rare, personal significance or circumstances)
(4) Feasibility of Enforcement - covenant not to compete okay if unique services and scope reasonable
(5) Defenses - Unclean hands, laches, unconscionability (at time of contract formation); Mistake, misrep, SOF,

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7
Q

Rescission (tear up K) Good Dog

A

(1) Grounds for Rescission - mistake, misrep, coercion, UI, lack of capacity, no consideration, illegality (all relate to formation) Mutual mistake rescind; unilateral no unless other party knows; misrep (actual reliance)
(2) Defenses - unclean hands, laches
NOTE: if P already performed, can get restitution to avoid unjust enrichment of the other party

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8
Q

Reformation (change written agreement to conform to original understanding) Very Good Dog

A

(1) Valid Contract
(2) Grounds for Reformation - mistake, misrepresentation
(3) Defenses - unclean hands, laches
NOTE: for subsequent BFP, reformation not allowed where it would adversely affect rights of a BFP

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9
Q

Covenant Not to Compete (totality of the circumstances)

A

Enforceable if: (1) services are unique; and (2) scope (geographic and duration) are reasonable.
Court will issue an injunction to prevent defendant from competing
Grant specific performance if (1) serves a legit interest of employer; (2) no undue hardship and (3) not injurious to the public)

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