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Equity (law)

society Maturity 11-13 Next article →

Laws help people live together. But sometimes, rules are too strict. They can be unfair in certain cases. This is where equity helps.

Microcosm of London Plate 022 - Court of Chancery, Lincoln's Inn Hall edited
Microcosm of London Plate 022 - Court of Chancery, Lincoln's Inn Hall edited

In old England, there were two court systems. One was the common law. These courts used very stiff rules. They mostly gave money to fix problems. If a rule did not fit a case, the court could not help.

Microcosm of London Plate 022 - Court of Chancery, Lincoln's Inn Hall edited
Microcosm of London Plate 022 - Court of Chancery, Lincoln's Inn Hall edited

People who felt wronged would ask the King for help. The King gave this job to the Lord Chancellor. This leader was called the Keeper of the King's Conscience. He looked for ways to be fair. This new way was called equity. It was used in the Court of Chancery.

Equity could do things common law could not. It could give an injunction. An injunction is a court order. It can tell someone to do something or stop doing something. It also helped with trusts. A trust is a way to hold property for others.

Today, many places still use equity. In England and Canada, it is still a separate set of rules. In the United States, most courts have joined the two systems together.

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