Final answer:
Both injunctions and decrees of specific performance are indeed equitable remedies in law; they are orders from the court for a party to take or refrain from certain actions where monetary damages are insufficient.
Step-by-step explanation:
True, both injunctions and decrees of specific performance are considered equitable remedies in the legal system. An injunction is an order by the court to a party to do or refrain from doing a particular act, helping to prevent harm or injustice that cannot be adequately remedied by monetary damages alone. A decree of specific performance, on the other hand, is a court order requiring a party to perform a specific act, typically the completion of a contract. This remedy is often used in situations where monetary damages would be insufficient to rectify the breach, such as in real estate transactions where each property is considered unique.