Differences between Legal Right and Equitable Right

Legal Right:

• Legal rights are recognized by the courts of common law of England.
• A registered mortgage is a legal mortgage.
• These are certain rights.
• Where these two rights conflict, legal rights prevail.

Equitable Right:

• Equitable rights are recognized by the courts of chancery.
• A mortgage of property by simply keeping the title deeds with the creditor is an equitable mortgage.
• These are uncertain rights.
• When these two rights conflict with each other, equitable rights become weaker than legal rights.