The definition and maxims of equity.

  

Date Posted: 9/28/2011 9:38:05 AM

Posted By: Raychelle  Membership Level: Silver  Total Points: 184

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While equity to ordinary man means fairness,justice and equality,its legal meaning is very detailed.In its legal sense equity is the branch of law,which prior to the fusion of the administration of law and equity effected by the supreme court of Judicature Act of 1873 and 1875 was applied and administered by the court of Chancery to mitigate the harshness of common law.

Here are five common maxims of equity:

a)Equity is equality and equality is equity.

b)He who seeks equity must do equity.

c)He who comes to equity must come with clean hands.

d)Equality aids the vigilant,not the indolent.

e)Equality looks upon as done that which ought to be done.

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