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equity courts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › equity courts

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarMikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • June 5, 2017 at 10:52 am #390480
    Avatariloveaccountancy
    Member
    • Topics: 117
    • Replies: 110
    • ☆☆☆

    Hi John,

    I was studying the lecture notes. Equity and common law courts fused in the late 1800s. Does the Equity element still prevail over Common law? Can each judge refer to either concept, or are the higher courts (court of appeal etc) equity only?

    Also, “Ratio not binding if in conflict with European law”- does this still apply, post ‘Brexit’?

    June 5, 2017 at 11:36 am #390492
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Last time, Ranjit … it’s Mike, not John

    “Does the Equity element still prevail over Common law?”

    Yes – according to the decision in the Earl of Oxford’s case of 1604(? but date not important) where the two branches are in conflict, Equity shall prevail

    “Can each judge refer to either concept”

    Yes, but the cases are no longer held in different courts

    “… or are the higher courts (court of appeal etc) equity only?”

    No, the Higher Courts draw their decisions from both common law and equity law

    OK?

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