Equity and the common law were originally administered by separate court systems that coexisted uneasily until the earl of oxford’s case (1615), when the king held that equity prevailed over the common law in the event of a conflict. Equity historically was an important source and it still plays a part today with many of our legal concepts having developed from equitable principals the word equity has a meaning of fairness and this is the basis on which our law operates, when adding to our law.
In jurisdictions following the english common law system, equity is the body of law which was developed in the english court of chancery and which is now administered concurrently with the common law.
For much of its history, the english common law was principally developed and administered in the central royal courts: the court of king's bench, the court of common pleas, and the exchequer equity was the name given to the law which was administered in the court of chancery.
Development of the principles of equity in the english law system 2 pages development of the principles of equity in the english law system (see below)] finally historical definition: equity is a series of remedies evolved mainly in england of the 15th and 16th centuries and applied by the court of the chancellor in order to complete and. Development of equity law and distinction from common law the peculiar nature of equity is only in part due to its historical development it is also necessary to understand that equitable principles are distinctive from, but not necessarily incompatible with, those of common law discuss equity came into existence during the 13 th century  at that time the courts of law had froze the types of claims they would hear as well as the procedure governing the hearing of those claims. Explain the development of equity describe and comment on the role of equity today equity historically was an important source and it still plays a part today with many of our legal concepts having developed from equitable principals.
Origin and development of equity 1 cc/ct: let 252 | the law of equity (origin and development of equity law) ct: adv jalal uddin m akbar | sid: arnab/llb 00305037 by the middle of the 13th century the law administered in england, was in part customary law and statutory law.
Historical development of equity in canada objectives: be able to briefly trace the history of the exercise of equitable jurisdiction in the atlantic provinces, ontario, quebec, the west and the north.