Search results
Sep 14, 2020 · This article mainly discusses the general principles on which the Law of Equity is based and the remedies available therein. Principles of equity. The body of the Law of Equity is preserved in the following twelve maxims. These maxims are general principles adopted to administer justice and fairness. They govern the Law of Equity and are ...
Equity was the name given to the law which was administered in the Court of Chancery. The Judicature Acts of the 1870s effected a procedural fusion of the two bodies of law, ending their institutional separation. The reforms did not fuse the actual bodies of law however.
Sep 2, 2016 · Equity can be broadly described as being just or fair, whereas the legal meaning of the term equity refers to the rules determined to mitigate the severity of the common law rules and those issues that are not be covered under the common law jurisdiction.
Equity, in Anglo-American law, the custom of courts outside the common law or coded law. Equity provided remedies in situations in which precedent or statutory law might not apply or be equitable. By the end of the 13th century, the English king’s common-law courts had largely limited the relief.
Nov 21, 2023 · Equity is a branch of law that supplements and, in certain cases, overrides the strict rules of common law to ensure justice and fairness are achieved in individual cases.
Equity is a fundamental and timeless feature of Indian law. It is composed of judicial doctrines, maxims, and guiding ideas that improve statute law by overcoming the limitations and strictness of strict legal standards.
Common law and equity were historically the two principal sources of rules and remedies in the judge-made law of England, and this bifurcated system travelled to other countries whose legal systems were derived from the English legal system.
Equity is both a different system of law which recognizes rights and obligations that the common law does not, and a system which seeks to address the inherent gaps which can exist in following any set of rules.
The problem became a matter of public debate during the chancellorship of Cardinal Wolsey (1515–1529). Wolsey was particularly free in granting inhibitions to the common-law courts. Thomas More became chancellor after Wolsey’s fall, and More was the first chancellor trained in the common law since the 14th century.
In law, the term "equity" refers to a particular set of remedies and associated procedures involved with civil law. These equitable doctrines and procedures are distinguished from "legal" ones.
