Equity Flashcards

1
Q

What are the types of common law remedies?

A

1) Order to pay money for damages; and 2) order of possession of goods (land or goods).

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2
Q

Which has more remedies equity or the common law?

A

Equity.

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3
Q

What are the equity remedies?

A

1) Account; 2) injunction; 3) specific performance; 4) rescission; 5) rectification; and 6) relief and forfeiture; etc.

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4
Q

Which has more formalities equity or the common law?

A

Common law.

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5
Q

What’s a remedy?

A

Cure to fix a legal-problem.

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6
Q

What’s a primary right?

A

rights created by other than wrongs.

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7
Q

Give two examples of how primary rights arise.

A

1) through consent; and 2) being born.

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8
Q

What’s a secondary right?

A

Rights that arise upon a breach of a primary right.

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9
Q

What is a court order?

A

Court giving effect to a right.

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10
Q

What’s a non-coercive order?

A

Guidance by the court without a demand.

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11
Q

What’s an Injunction?

A

An equitable remedy.

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12
Q

What are the two types of injunctions and their sub-types?

A

1) prohibitive; and 2) mandatory. Sub type for both are interim and perpetual.

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13
Q

What’s a prohibitive injunction?

A

An injunction that stops x from doing y.

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14
Q

What’s a mandatory injunction?

A

An injunction that makes x do y.

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15
Q

What’s the difference between a perpetual and interim injunction?

A

Perpetual lasts forever, while interim is temporary.

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16
Q

What is specific performance? When do they apply?

A

Specific performance is enforcing the defendant to a contract to perform obligations under the contract and it applies where damages aren’t sufficient.

17
Q

Is specific performance performed more on land contracts or sales of goods contracts?

A

It is routine in land contracts but with sale of goods you don’t usually get specific performance.

18
Q

What is the exception to the rule regarding specific performance for sale of goods contracts? Which case illustrates this?

A

If goods are rare or unique then sale of goods contracts could have specific performance (Behnke v Bede Shipping).

19
Q

Does specific performance apply to company shares?

A

It depends on the type of shares. If public then damages are regular if private shares then specific performance is