Equity vs. UCC: A Comparative Analysis of Remedies, Predictability, and Incorporation of Principles
I. The Foundation: Equity and the UCC A. Equity Law Equity law is guided by principles of fairness and justice, providing remedies where legal rules might fall short. These include: Subrogation: Substituting one party for another to recover obligations. Constructive Trust: Preventing unjust enrichment by imposing equitable ownership. Right of Redemption: Protecting debtors’ ability to…