Equitable title

Definition and stakes

Horace Gray,  Frost v. Spitley — Opinion of the Court

“ Smith: 'Those only who have a clear legal and equitable title to land, connected with possession, have any right to claim the interference of a court of equity to give them peace or dissipate a cloud on the title.' 18 How. 265. A person out of possession cannot maintain such a bill, whether his title is legal or equitable; for, if his title is legal, his remedy at law, by action of ejectment, is plain, adequate, and complete; and, if his title is equitable, he must acquire the legal title, and then bring ejectment. ”
Source: Wikisource

by John Marshall,  Kirk v. Smith Penn — Opinion of the Court

“ What is gained by an estate's continuing an equitable estate? From its inherent strength, unaided by the law, if accompanied with continued possession, it would continue a good equitable estate; and why should not the comprehensive words, 'shall for ever give an unquestionable title against all,' be construed into a transmutation from an equitable into a legal title? How can any but a good legal title be denominated an unquestionable title? ”
Source: Wikisource

Portrait of James Moore Wayne James Moore Wayne,  Hanson v. Lessee of Eustace — Opinion of the Court

“ Chiles, in 10 Pet., 210 to 212. 'It is a general principle in courts of equity, that when both parties claim by an equitable title, the one who is prior in time is deemed the better in right; 7 Cranch, 18; 18 T. R., 532; 7 Wheat., 46; and that where the equities are equal in point of merit, the law prevails.' This leads to the reason for protecting an innocent purchaser, holding the legal title, against one who has the prior equity; a court of equity can act only on the conscience of a party; if he has done nothing that taints it, no demand can attach upon it, so as to give any jurisdiction. ”
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature