Common Law and Equity

July 5, 2024 Common law and equity are two legal systems that developed in England and have had a significant impact on the legal systems of many other countries, particularly those following the English legal tradition, such as the United States, Canada, Australia, and New Zealand. While they now operate within a unified judicial framework, their historical development and purposes highlight distinct features and functions.Historical Development of Common LawThe common law system originated in England during the medieval period. It evolved from the customs and judicial decisions of the royal courts, which were used to resolve disputes. As judges made decisions in individual cases, they created precedents that were followed in subsequent cases, leading to a body of law that was common throughout the realm. Common law primarily provided remedies through monetary damages and was known for its rigidity and formality.Historical Development of EquityEquity developed as a response to the lim...