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Law of Equity

Practice Test 1

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The primary source of equity is

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The equitable doctrines featuring in the Indian Contract Act are mainly all, but one of the following

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Choose the incorrect statement

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Election must be made within

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Aequitaes est corectio legis generalities latae, qua parte deficit i.e, equity is a correction of the general law in the part where it is defective, is particularly embodied in

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An election made is binding on

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In which of the following cases the Supreme Court held that “Breach of Fiduciary Duty of Trust is to be judged in the line of Equity”

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Choose the correct answer
(1) In case of conflict, the rule of Chancery did not prevail over common law
(2) The defendant could apply to the Court of Chancery for an order called a common injunction

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Match the following

List I (Decided Cases)
List II (Principle Stated)

a. Aequitaes est corectio legis generalities latae, qua parte deficit
1. Equity never counteracts law

b. Aequitaes sequitur legem
2. Equity is a correction of the general law in the part where it is defective

c. Aequitaes nunqua contravenit leges
3. The law helps the vigilant and not he dormant

d. Vigilantibus, non dormientibus jura subvenient
4. Equity follows the law

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Relief from Equity Court could be obtained

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Choose the correct statement

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Statutory recognition of the principles of principles of equity is not found in

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The English Court of Chancery, incorporated into the Equity Jurisprudence of English law, the concept of acquitas as conceived by

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In the conflict between equity on one hand and the text of law on the other, the court shall

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Choose the correct answer

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English rules of equity have

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Doctrine of Election is considered to be based on the principles of compensation by

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Essentials of Doctrine of Election include

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When one can approach an Equity Court as a

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Legal estate prevails over the equitable estate applies to all, but one of the following

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Where equities are equal, the first in time shall prevail, shall apply to all, but one of the following

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Choose the correct answer
Till the year 1875

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Equity delights in equality does not apply to

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Choose the correct statements
(1) Equitable interests can be settled, mortgaged and disposed of in the same way as legal interest
(2) In case of conflict between equity and law, equity prevails
(3) When equities are equal, that which is first in time will prevail

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“Equity now is that body of rules administered by English Courts of Justice which were if not for the operation of the judicature Acts, would be administered only by those courts which would be known as Courts of Equity” has been defined by

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An equitable interest recognised by the

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He who seeks equity must do equity does not apply in

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