Principles of Equity

When the law is silent, the principle of equity applies. The following are
explication of what equity is all about sourced from "20 Equity Maxims."

• Equity is not suffering wrong without remedy.
• Equity sees that as done what ought to be done.
• Equity will not suffer a wrong to be without a remedy.
• Equity delights in equality,
• One who seeks equity must do equity
• Equity aids the vigilant, not those who slumber on their rights
• Equity imputes an intent to fulfill an obligation
• Equity acts in personam or persons
• Equity abhors a forfeiture.
• Equity does not require an idle gesture.
• He who comes into equity must come with clean hands.
• Equity delights to do justice and not by halves.
• Equity will take jurisdiction to avoid a multiplicity of suits.
• Equity follows the law.
• Equity will not aid a volunteer.
• Where equities are equal, the law will prevail.
• Between equal equities the first in order of time shall prevail.
• Equity will not complete an imperfect gift.
• Equity will not allow a statute to be used as a cloak for fraud.
• Equity will not allow a trust to fail for want of a trustee.
• Equity regards the beneficiary as the true owner.

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