Qn. Briefly explain the maxims/doctrine of equity.
Approach.
Introduction
Equity simply means principle of fairness and natural justice.
Equity developed from the courts of chaser of England that its purpose was to mitigate, reduce and control the difficulties of common law. In common law courts, there was a lot of rigidities and the aggrieved party went away without any remedy. The courts of equity were not intended to override the common law but to assist and work as alternative subject to resolve the fairness and justice. The principle gave rise to chasery courts to operate side by side with common law courts and in their practice; they continued and applied fairness which ultimately gave rise to a distinct set of doctrine called rules of equity. The chansery courts provided remedies to king’s subject in the circumstances that such remedies would not be given/provided. There are recognized principles which guide the court to apply the equity which are known as maxims, principle or doctrines and these include: Equity does not suffer a wrong without Remedy which is given to the affected people an upper hand and such remedies include specific performance, injunctions which stops further breach of contract. Equity follows law; equity is applied where there is no remedy in common and legislation. However, it is not made to override but just bound by the law. Who he seeks equity must do equity; when one seeks to rely on equity be must be fair and honest in resolving disputes. He who comes to equity must come to clear hands; The party partitioning in the court of equity must be fairly and honestly to all actions. Delay defeats equity; one must not un duly delay in exercising his/her equitable remedy. Where they are two equities, the first one should prevail.