EQUITY RULES! Flashcards

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1
Q

Equitable Relief General Rule

A

To obtain ER, (1) legal remedy is inadequate, and (2) equitable relief is feasible (person/object present in NC).

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2
Q

Temporary Injunctive Relief

A

Show (1) necessary to preserve status quo to prevent impending harm & (2) reasonable probability at winning.

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3
Q

Contempt

A

D must have disobeyed a detailed judicial command & must have had ability to obey it (no money). Civil contempt as part of underlying action to compensate or to compel compliance to prevent further harm.

Criminal contempt: (1) Direct: presence of judge can punish conduct summarily, no Constitutional protection (2) Indirect: actions outside court, but there must be testimony or other evidence to prove contempt occurred.

Civil contempt will fall if the underlying injunction should not have been granted; criminal will always stand.

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4
Q

Specific Performance

A

Must show (1) valid K exists, (2) all contractual conditions have been fulfilled & (3) mutuality of remedy exists. Time/essence is strictly construed unless tardiness is de-minimis, loss is slight, undue hardship to forfeiting party, or it has been waived. If no marketable title, no SP unless deficiencies are minor or B waived them.

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5
Q

Does Mutuality of Remedy Exist?

A

Mutuality exists where both parties would be allowed to enforce K & both have ability to perform this K.

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6
Q

Particular Application of Specific Performance to Land Contracts

A

In NC, seller has the risk of loss until possession is delivered under the Uniform Vendor & Purchaser Act.

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7
Q

Rescission

A

Equity will rescind K, if at execution, mutual mistake/deceit/duress/undue influence/lack of capacity.

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8
Q

Reformation

A

Must must be valid K, but incorrect b/c of mutual mistake, unilateral mistake coupled w/ fraud, or deceit.

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9
Q

Unclean Hands

A

Improper conduct w/ respect to same transaction. Must be serious; test is whether behavior is offensive to court.

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10
Q

Laches – Time Bar

A

Defense of Laches is available where P has delayed bringing suit if (1) delay is unreasonable based upon when P obtained knowledge of the wrong, and (2) the delay is prejudicial to the D (no records or witnesses are gone).

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11
Q

Hardship and Impossibility

A

Equity will not order relief that is not feasible. Thus, equity will not be ordered if one is not able of doing it.

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