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What is Equity Law and its significance in the legal system?

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The word equity is derived from a Latin word that means egalitarianism and justice. It is a system of law that originated in English chancery and enclosed a formal body of procedural and indispensable doctrines and rules that override common and statutory laws.

Equity law is described as a branch of law developed alongside common law and connected with justice and fairness formerly administered in the special courts. In simple terms, equity law is a form of law that ensures impartiality and justice to people. People today have received new remedies and rights, all because of equity law.

The equity law always remains in the limelight because it includes multiple sub-topics like criminal law and various common laws that are applicable in the modern judiciary. Students pursuing law in universities receive multiple chances to improve their knowledge of the subject, because they have to prepare and submit the assignment as per the instructions of their professors. Students are expected to perform extensive research and do a deep study while preparing the assignments to secure good grades in their university exams.

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