What is the difference between common law and equity?

The difference between common law and equity lies in the differences between the remedies they offer and the different procedures they follow. Common law is the law that is created by courts, based on precedents set by other courts. Common law is mainly concerned with providing a remedy based on damages or a set penalty. Equity, on the other hand, is a system of law that was created to address situations where a remedy based on damages or a set penalty was inadequate or inappropriate. Equity provides a remedy that is tailored to the specific situation of the parties involved, based on the principles of fairness and justice. In Maryland, common law has been established through court cases and legislations that have been created. Equity, on the other hand, is based on the principle that justice should prevail over technical rules of law. The rules of equity are usually set by the court and are based on how to best serve justice in the case. Overall, common law and equity differ in the remedies they offer and the procedural rules they follow. Common law is focused mainly on providing a remedy based on damages or a set penalty, while equity provides a remedy that is tailored to the specific case and based on the principle of fairness and justice. In Maryland, common law has been established through court cases and legislations, while equity is based on the principles of justice.

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What is the difference between common law and equity?

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