- The main difference between law and equity is that law is concerned with enforcing rules, while equity is concerned with achieving a fair outcome in individual cases.
- With the merger of law and equity almost complete, the idea of equity as a special part of our legal system or a mode of decisionmaking has fallen out of view.
- For example, if someone is injured because of a poorly designed product, they can sue under tort law (law) or contract law (equity).
- In this article, we will explore the fascinating world of Equity (law), a topic that has captured the attention of many people over time.
- The methodology used is, first, to provide a literature review of theories of intergenerational equity developed in international law scholarship, followed by a textual...
- In cases where the law may not provide a just outcome, equity can be used to fill in the gaps and provide a remedy that is more equitable.
- One exception is for areas of substantive law developed exclusively in equity, another is for remedies developed in equity, and the third is for case-aggregating...
- Equity, on the other hand, refers to laws that are similarly established by court rulings but deal with judgment and justice through equitable decisions.
- In other states, the courts of common law were empowered to exercise equity jurisdiction. Today, separate courts of chancery have largely been abolished...
- The fusion of the common law and equity has brought about major structural, institutional and juridical changes within the common law tradition.