Law of Equity MCQ's Series

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Practice Test 1

About Law of Equity :

The Law of Equity, historically rooted in English common law, forms a vital component of modern legal systems, including India’s. Equity developed as a response to perceived injustices in the common law system and operates on principles of fairness and conscience. It provides remedies when legal remedies are insufficient, aiming to prevent unjust enrichment, fraud, and unconscionable conduct. Key equitable remedies include injunctions, specific performance, and the constructive trust. Equity also underpins various areas of law, such as trusts and fiduciary duties. In India, equity principles are applied alongside statutory law to ensure justice and fairness in civil cases, demonstrating the ongoing significance of equity in contemporary legal practice.

Features of Law of Equity Multiple Choice Questions (MCQ):

Mixed multiple choice questions (MCQ) covering all important topics of Law of Equity .
Objective type questions covering important Case-Laws.
Law of Equity MCQ’s for Law Aspirants preparing for Judicial services, Public Prosecutor exam, UGC NET, AIBE, IBPS Law entry, RBI Grade B (Legal Officer), SEBI Grade ‘A’ Recruitment.
Free Law of Equity MCQ’s over 2200 objective choice questions.

FAQs:

What is the Law of Equity?

The Law of Equity is a branch of jurisprudence that operates on principles of fairness, justice, and conscience to provide remedies when common law remedies are inadequate.

How does Equity differ from common law?

Equity focuses on principles of fairness and justice, while common law is more concerned with precedent and legal rules.

What are some common equitable remedies?

Common equitable remedies include injunctions (to prevent certain actions), specific performance (compelling parties to perform contractual obligations), and constructive trusts (imposing fiduciary obligations).

When is the Law of Equity typically applied?

Equity is applied when legal remedies are insufficient, such as in cases involving fraud, unconscionable conduct, or preventing unjust enrichment.

Can equity be applied in modern legal systems?

Yes, the principles of equity continue to be applied alongside statutory law in modern legal systems to ensure justice and fairness in civil cases.