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A court of equity, also known as an equity court or chancery court, is a court authorized to apply principles of equity rather than principles of law to cases brought before it. These courts originated from petitions to the Lord Chancellor of England and primarily heard claims for relief other than damages, such as specific performance and ...
The Chancery came to prominence after the decline of the Exchequer, dealing with the law of equity, something more fluid and adaptable than the common law.The early Court of Chancery dealt with verbal contracts, matters of land law and matters of trusts, and had a very liberal view when setting aside complaints; poverty, for example, was an acceptable reason to cancel a contract or obligation. [9]
State agencies promulgate rules and regulations (sometimes called administrative law) in the Register of Ohio, which are in turn codified in the Ohio Administrative Code (OAC). Ohio's legal system is based on common law , which is interpreted by case law through the decisions of the Supreme Court, District Courts of Appeals, and trial courts ...
The Court also employs three full-time Magistrates in Chancery (formerly known as Masters in Chancery), appointed by the Chancellor under Court of Chancery Rule 144. The Magistrates adjudicate cases assigned to them by the Court, with a particular focus on "the people's concerns in equity," such as guardianships, property disputes, and trust ...
The Court of Chancery never claimed to override the courts of common law. Story states "where a rule, either of the common or the statute law is direct, and governs the case with all its circumstances, or the particular point, a court of equity is as much bound by it as a court of law, and can as little justify a departure from it."
The traditional way of buying and selling central Ohio homes will undergo a change this summer, potentially offering savings for buyers. In an effort to settle an antitrust lawsuit, the National ...
Through legislative effort and court rule, in 2003, Maryland established a Business and Technology Case Management Program. [134] In May 2003, Delaware expanded the Court of Chancery's jurisdiction to include technology disputes. [21] West Virginia's Business Court Division Rules includes technology issues. [135]
Equitable remedies were granted by the Court of Chancery in England, and remain available today in most common law jurisdictions. [4] In many jurisdictions, legal and equitable remedies have been merged and a single court can issue either, or both, remedies.