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Equity Plays An Important Role For The Common Law

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Equity plays an important role in the common law which will be explained in this essay. It’s foundational principles derive from philosophy and ethics as well as from political and religious background. To understand specific nature and extent it operates in the modern world it would be necessary to look how it developed over the centuries in the UK.
In the 13th century’s England, the common law courts operated through the Court of Common Pleas and the King’s Bench and could only offer a limited range of remedies, predominantly monetary damages, becoming inflexible and very strict. This was due to a closed categories of available writs, therefore many judgments were regarded as unfair. As a result people became dissatisfied with the system and started petitioning the king for a more suitable remedies. With increasing number of petitions the king began to delegate the function of resolving such petitions to the Chancellor. The chancellors were often clergymen, king’s confessors and keepers of the king’s conscience, which shaped the character of equity. They developed new, more appropriate remedies for the cases based on individual justice. However, each chancellor had different understanding of fairness giving an overall impression of uncertainty and inconsistency in law. With even more increase of petitions, new court has been created known as the Court of Chancery. With the time, the growing of equity started to create conflicts with common law system, as individuals relied

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