Question

What is Equity Legislation?

Answer 1

Equity legislation refers to laws or legal rules that are based on the principles of fairness, justice, and conscience, rather than strict technicalities or rigid applications of written law.

• Corrects Rigidity of Law: It provides relief in cases where strict legal rules may result in unfairness or injustice.
• Moral and Ethical Basis: Based on natural justice, not just legal formalities.
• Supplementary: It supports and supplements statutory (written) law but does not override it.
• Equitable Remedies: Includes legal tools like:
  • Injunctions
  • Specific Performance
  • Rectification
  • Rescission
  • Trusts