Equity (law)

Equity is a part icular body of law t hat was developed in t he English Court of Chancery.[1] It s
general purpose is t o provide a remedy for sit uat ions where t he law is not flexible enough for t he
usual court syst em t o deliver a fair resolut ion t o a case.[2] The concept of equit y is deeply
int ert wined wit h it s hist orical origins in t he common law syst em used in England.[2] However,
equit y is in some ways a separat e syst em from common law: it has it s own est ablished rules and
principles, and was hist orically administ ered by separat e court s, called "court s of equit y" or
"court s of chancery".[2]

Equit y exist s in domest ic law, bot h in civil law and in common law syst ems, and in int ernat ional
law.[1] The t radit ion of equit y begins in ant iquit y wit h t he writ ings of Arist ot le (epieikeia) and wit h
Roman law (aequitas).[1][3] Lat er, in civil law syst ems, equit y was int egrat ed in t he legal rules, while
in common law syst ems it became an independent body of law.[1]

Equity in common law jurisdictions (general)

Comparison of equity traditions in common law countries

See also

Notes
References

External links

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Last edited 4 months ago by Coolcaesar