Definitions

Court of equity

Court of equity

A chancery court, equity court or court of equity is a court that is authorized to apply principles of equity (as opposed to law) to cases brought before it. The decisions are not precedent setting. These courts began with petitions to the Lord Chancellor of England. Some common law jurisdictions--such as the American states of Delaware, New Jersey, and Tennessee preserve the distinctions between law and equity and between courts of law and courts of equity. Equity courts "handled lawsuits and petitions requesting remedies other than damages, such as writs, injunctions, and specific performance" and were eventually "merged with courts of law." Federal bankruptcy courts are the one example of courts which operate as courts of equity.

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