Legal Definitions - natural equity

Natural equity is a concept of fairness and impartiality in dealing with others. It is based on the body of principles that constitute what is fair and right, also known as natural law. Natural equity is often used to correct or supplement the law as applied to particular circumstances.

For example, a judge may decide a case by equity because the statute did not fully address the issue. This means that the judge used principles of justice to make a fair decision, even if it was not explicitly stated in the law.

Another example of natural equity is the idea of countervailing equity, which is a balancing equity that is equally deserving of consideration. This means that when there are conflicting interests, the court must consider both sides and make a fair decision based on the principles of natural equity.

Overall, natural equity is about treating others fairly and justly, even if it means going beyond what is explicitly stated in the law.