Justice

Chancery
Chancery refers to the jurisdiction exercised by a court of equity, focusing on fairness and justice rather than strictly adhering to statutory laws.
Estoppel
Estoppel is a legal principle that prevents a party from arguing something contrary to a previous claim or behavior if it would lead to an unjust result. It ensures fairness and justice by enforcing consistency in parties' actions and statements.
Jurisprudence
Jurisprudence, often referred to as the science or philosophy of law, encompasses the study of the structure of legal systems, the principles underlying these systems, and the course of judicial decisions.
Jury
A jury is a group composed of peers of the parties or a cross-section of the community, summoned and sworn to decide on the facts in issue at a trial.
Law
The legal system is a set of rules enforced by governmental institutions to regulate human behavior, provides a structure for society, and ensures justice is upheld.
Quasi Contract
A quasi contract is an obligation created by law for reasons of justice and fairness. It ensures that one party pays for a benefit they desired and received under circumstances that make it inequitable to retain without compensation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.