Court of Chancery

Definition and stakes

Various The Atlantic Monthly, Volume 18…

The Court of Chancery.—Feeling a desire to see for myself the highest embodiment of English law where it lurked—a huge and bloated personification of all that was monstrous and discouraging to suitors—in the secret place of thunder, just behind the altar of sacrifice, forever spinning the web that for hundreds of years hath enmeshed and overspread the mightiest empire upon earth with entanglement, perplexity, and procrastination, till estates have disappeared and families have died out, sometimes, while waiting for a decision,—I dropped into the Court of Chancery.
Source: Gutenberg

Pennsylvania v. Wheeling and Belmont Bridge Company…

Chancery jurisdiction is conferred on the courts of the United States with the limitation 'that suits in equity shall not be sustained in either of the courts of the United States, in any case where plain, adequate, and complete remedy may be had at law.' The rules of the High Court of Chancery of England have been adopted by the courts of the United States.
Source: Wikisource

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