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Legal Terms – equitable
1. Acknowledged by or compliant with equity rules: used to differentiate between specific notions utilized in equity and common or statute law. Mortgages and assignments, for instance, may be equitable or lawful. 2. Outlining an idea or right that the Court of Chancery has recognized. 3. Reasonable, equitable, and just.
1. Acknowledged by or compliant with equity rules: used to differentiate between specific notions utilized in equity and common or statute law. Mortgages and assignments, for instance, may be equitable or lawful. 2. Outlining an idea or right that the Court of Chancery has recognized. 3. Reasonable, equitable, and just.
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