Equity Delights in Equality
Where two persons have an equal right, the property will be divided equally. Thus equity will presume joint owners to be tenants in common unless the parties have expressly agreed otherwise. Equity also favours partition, if requested, of jointly held property.
Read more about this topic: Maxims Of Equity
Famous quotes containing the words equity, delights and/or equality:
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)
“But there is nothing which delights and terrifies our English Theatre so much as a Ghost, especially when he appears in a bloody Shirt. A Spectre has very often saved a Play, though he has done nothing but stalked across the Stage, or rose through a Cleft of it, and sunk again without speaking one Word.”
—Joseph Addison (1672–1719)
“I have no purpose to introduce political and social equality between the white and black races. There is a physical difference between the two, which, in my judgement, will probably for ever forbid their living together upon the footing of perfect equality; and inasmuch as it becomes a necessity that there must be a difference, I ... am in favour of the race to which I belong having the superior position.”
—Abraham Lincoln (1809–1865)