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Equity is the name given to the set of legal principles, in jurisdictions following the English common law
tradition, which supplement strict rules of law where their application
would operate harshly, so as to achieve what is sometimes referred to
as "natural justice." It is often confusingly contrasted with "law",
which in this context refers to "statutory law" (the laws enacted by a legislature, such as the United States Congress), and "common law" (the principles established by judges when they decide cases).
for more information, go to en.wikipedia.org
tradition, which supplement strict rules of law where their application
would operate harshly, so as to achieve what is sometimes referred to
as "natural justice." It is often confusingly contrasted with "law",
which in this context refers to "statutory law" (the laws enacted by a legislature, such as the United States Congress), and "common law" (the principles established by judges when they decide cases).
for more information, go to en.wikipedia.org
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