This article describes the differences between Legal Right and Equitable Right.
Legal Right
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Legal rights are recognized by the courts of common law of England.
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A registered mortgage is a legal mortgage.
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These are certain rights.
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Where these two rights conflict, legal rights prevail.
Equitable Right
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Equitable rights are recognized by the courts of chancery.
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A mortgage of property by simply keeping the title deeds with the creditor is an equitable mortgage.
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These are uncertain rights.
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When these two rights conflict with each other, equitable rights become weaker than legal rights.