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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.
Jul 1, 2024 · 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.
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.
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.
Nov 3, 2023 · This article aims to trace the historical evolution of equity in Indian law, including its origins, influences, and development, to analyze the principles and maxims of equity and their relevance in the Indian legal system, to investigate the interface of equity and statutory law, including conflicts, statutory interpretation, and the role of ...
It was decided that in cases of conflict between common law and equity, equity was to prevail. From that time on the common law and equity worked together, side by side. As equity was developing, it had no fixed rules of its own and each Chancellor gave judgement according to his own conscience.
Below is the article summary. For the full article, see equity . equity, Justice according to fairness, especially as distinguished from mechanical application of rules under common law.
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. Equity plays a large, but largely hidden, role in all our lives.
