Maryland Code, REAL PROPERTY 7-202
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, REAL PROPERTY 7-202
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Lien: A claim against real or personal property in satisfaction of a debt.
The provisions of § 7-105 also are applicable to instruments reserving a valid vendor’s lien, to sales pursuant to a reserved vendor’s lien, and to sales pursuant to the vendor’s authority to sell. A court of equity may decree a sale to enforce a vendor’s lien or any other equitable lien although the lienor may have an adequate remedy at law.