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Legal equity: The Court of Chancery, in early 19th-century London.. In the field of jurisprudence, equity is the particular body of law, developed in the English Court of Chancery, [1] with the general purpose of providing legal remedies for cases wherein the common law is inflexible and cannot fairly resolve the disputed legal matter. [2]
Maxims of equity are legal maxims that serve as a set of general principles or rules which are said to govern the way in which equity operates. They tend to illustrate the qualities of equity, in contrast to the common law, as a more flexible, responsive approach to the needs of the individual, inclined to take into account the parties' conduct and worthiness.
According to the University of Iowa DEI framework, "equity is different than equality in that equality implies treating everyone as if their experiences are exactly the same." [115] A common identification, especially among critics, is of equality as meaning "equality of opportunities" and equity as "equality of outcome".
Maybe you've interchanged the words "equity" and "equality" in conversation—but they don't, in fact, mean the same thing. The post Equality vs. Equity: What’s the Difference? appeared first on ...
We all know that we live in a diverse world, that is naturally a given; we are all different.
Equitable remedies are distinguished from "legal" remedies (which are available to a successful claimant as of right) by the discretion of the court to grant them. In common law jurisdictions, there are a variety of equitable remedies, but the principal remedies are: injunction [5] [6] specific performance; account of profits; rescission ...
You might see the terms “equality” and “equity” used interchangeably, especially around conversations promoting fairness when it comes to human rights issues (like gender, race, sexual ...
Equality: Regardless of their inputs, all group members should be given an equal share of the rewards/costs. Equality supports that someone who contributes 20% of the group's resources should receive as much as someone who contributes 60%. Equity: Members' outcomes should be based upon their inputs. Therefore, an individual who has invested a ...