What is Equity


What is Equity?

Equity means a set of rules and doctrines that have built up side by side to the common law by the Court of Chancery. The Judicature Acts of 1873-1875 merged the common law courts with the Court of Chancery and established a single High Court and Court of Appeal that could apply both common law and equity principles and remedies. In situations of conflict, justice wins.

What is Equity?

Jessel MR stated in Salt v Cooper [1880] 16 Ch D 544 in order to prevent situations where courts might face conflicts between the two systems, Section 25 of the Judiciary Act 1873 established:

‘Generally, in all matters not hereinbefore mentioned in which there is a conflict or variance between the rules of equity and the rules of common law with reference to the same matter, the rules of equity shall prevail.’

Law books

The books published by Law Tutor are a comprehensive collection of legal notes that have been customised to fulfil the criteria of the SQE assessment specification, the CILEX certification framework, and the LLB programme at the University of London. A barrister who has both taught and practised law has written these law books. The legal literature, on the other hand, are useful for anybody enrolled in a law school or studying for the LLB, SQE, CILEX, PGDL, GDL, or UOL law exams.

Equity