Courts of equity

Definition and stakes

Portrait of Harlan F. Stone Harlan F. Stone,  Russell v. Todd — Opinion of the Court

“ In federal courts of equity the doctrine of laches was early supplemented by the rule that when the question is of lapse of time barring relief in equity, such courts, even though not regarding themselves as bound by state statutes of limitations, will nevertheless, when consonant with equitable principles, adopt and apply as their own, the local statute of limitations applicable to the equitable causes of action in the judicial district in which the case is heard. ”
Source: Wikisource

Horace Gray,  Speidel v. Henrici — Opinion of the Court

“ Independently of any statute of limitations, courts of equity uniformly decline to assist a person who has slept upon his rights, and shows no excuse for his laches in asserting them. 'A court of equity,' said Lord CAMDEN, 'has always refused its aid to stale demands, where the party slept upon his rights, and acquiesced for a great length of time. ”
Source: Wikisource

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