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Principles of Equity

The Principles of Equity refer to a set of legal rules and concepts that aim to achieve fairness and justice in situations where strict application of the law might lead to an unjust outcome. Originating in English law, equity allows judges to consider intentions and circumstances rather than just legal technicalities. Key principles include the importance of fairness, the need for honest dealings, and the protection of rights such as trusts and fiduciary duties. Essentially, equity serves to fill gaps in the law and ensure that everyone is treated justly, even when the law may not explicitly provide for it.

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    Equity refers to fairness and justice in treating individuals or groups, especially when addressing differences in circumstances. In general knowledge, principles of equity advocate for providing support and resources based on individual needs to ensure everyone can achieve similar outcomes. This might mean giving additional help to those who face obstacles due to socioeconomic status, race, or other factors. Unlike equality, which treats everyone the same, equity recognizes that different people may require different levels of assistance to reach the same opportunities or results. Ultimately, equity aims to create a more inclusive and fair society.