Defition Of Equity

Question 1

Define equity

Answer 1

Equity to me simply means justice, fairness and good conscience

Question 2

How did J.E Martins define equity

Answer 2

Equity is what is fair and just

Question 3

What are the two ways to define equity

Answer 3

Technical and Juristic definitions

Question 4

Juristic definition of equity

Answer 4

It is the power given to a body or tribunal to dispense justice and to use their discretion to mellow the consequences of the harshness of common law and other bodies of rule

Question 5

Technical definition of equity

Answer 5

Those body of rules which we may ask ourselves
What is the reason for the coming into effect of the rules as applied by the court of chancery from 1873 upwards
And the reason why was supply to mitigate the harsh nature of the judgement that emanated from the common law courts.

Question 6

John selden

Answer 6

Equity is a roguish thing. For Law we have a measure, know what to trust to; Equity is according to the conscience of him that is Chancellor, and as that is larger or narrower, so is Equity