Equitable relief is a court-granted remedy that requires a party to act or refrain from performing a particular act in cases where legal remedies are not considered to provide sufficient restitution.
What are examples of equitable relief?
Instead, it’s a ruling whereby a court orders one party to refrain from participating in one activity and orders them to perform a new action for the sake of the other party. Two examples of equitable relief are injunctions and restraining orders.
What are the equitable remedies for breach of contract?
The equitable remedies are specific performance (an order directing a person to deliver to the buyer the unique thing the seller contracted to sell), injunction (an order directing a person to stop doing that which he should not do), and restitution (the return by one party of the benefit conferred on him when the …
Why is equitable remedy used?
Equitable remedies are personal and exercised against a specified individual. The remedy prevents the specified individual from acting unconscionably and strikes at the defendant’s conscience and conduct. Equitable remedies will be refused if the court cannot ensure that they will be observed.
What is the difference between equitable and legal remedies?
While legal remedies typically involve monetary damages, equitable relief typically refers to injunctions, specific performance, or vacatur. A court will typically award equitable remedies when a legal remedy is insufficient or inadequate.
What are the two types of equitable remedy?
The two main equitable remedies are injunctions and specific performance, and in casual legal parlance references to equitable remedies are often expressed as referring to those two remedies alone. Injunctions may be mandatory (requiring a person to do something) or prohibitory (stopping them doing something).
How do you get equitable interest?
The only way to have equitable interest enforced is by the Court. Let’s look more closely at this. During the buyer-seller transaction, the seller still holds the title (which is key to legal ownership), but the buyer has a legal interest in the property.
Who are the owners of Equitable Life Insurance Company?
Equitable is the brand name of Equitable Holdings, Inc. and its family of companies, including AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY). MONY Life Insurance Company of America (MLOA), Jersey City, NJ, AXA Advisors, LLC (member FINRA, SIPC) and AXA Distributors, LLC. GE-2891061 (01/20)
Where can I find support for my equitable account?
Request to have an Equitable Advisors Financial Professional contact you. Or, Find a professional near you. If you have an existing account and need support please visit our support section. We’re here to help you navigate through this unprecedented time. Read our COVID-19 response. Your request has been submitted.
How can I save money with equitable benefits?
By selecting the benefits that are right for you and your family, you can save on routine costs such as dental and eye exams, and protect against unexpected expenses with benefits that provide income when you need it most.
What is the brand name of equitable advisors?
Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC ). GE-2891061 (01/20)