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Common Law Vs Equity Law

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Common Law Vs Equity Law

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Vijay.
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  • March 9, 2021 at 9:06 am #614028
    haroohaneef
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Dear Sir,

    I can not understand the main differences between common law and equity law from your lectures, could you please explain their main differences in simple words till I should be able to overcome the topics and get the main differences. (English Law Variant)

    Best Regards

    March 20, 2021 at 9:07 pm #614845
    Vijay
    Member
    • Topics: 0
    • Replies: 258
    • ☆☆☆

    Hi

    So common law is law made by judges and applies to everyone i.e 1 law for all i.e. it is common to everyone.

    Equity laws do not apply to everyone. They apply on a case by case basis.

    Does this help?

    Kind regards,

    Vijay

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