CIMA BA4 · Chapter 9 · Question 7 of 10
Why was equity developed in English law?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) To provide fairness where the strict rules of common law produced unjust results or inadequate remedies
Explanation
Equity developed through the Court of Chancery to mitigate the rigidity of the common law, which offered only damages and could produce unfair outcomes. It introduced discretionary remedies such as specific performance, injunctions and rescission. Where common law and equity conflict, equity prevails.
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