Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › common law and equitable law remedies
- This topic has 3 replies, 2 voices, and was last updated 12 years ago by MikeLittle.
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- November 21, 2012 at 3:00 pm #55582
Hi mike… can u pls explain in plain english? 🙂 in a simplest way. im trying to understand them
common law remedies are monetary, aka damages. this is all i can understand thus far 🙁
November 21, 2012 at 7:11 pm #108280Equitable remedies exist because a compensation of a monetary amount is not appropriate. If someone builds a wall outside my window, I don’t want money compensation – I want to enjoy my right of light ( Injunction – stop building that wall! )
If someone is refusing to perform according to their obligations – for example, they are refusing to sell me a rare vase at the price we agreed, I can ask the Court for help. I don’t want money – I want the vase at the agreed price ( Specific performance – deliver that rare vase to Mike at the agreed price )
Better?
November 22, 2012 at 1:37 am #108281ahhhhhhhhh…. better!!!! Thank you so much!
I wish theres a book which explain everything in that way. Im sure its a great help esp for non-english student.
again…thank you!
November 22, 2012 at 10:59 am #108282You’re welcome
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