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Explain the development of equity. Describe and comment on the role of equity today.  

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Explain the development of equity. Describe and comment on the role of equity today. Equity historically was an important source and it still plays a part today with many of our legal concepts having developed from equitable principals. The word equity has a meaning of fairness and this is the basis on which our law operates, when adding to our law. Equity developed because of problems in the common law of which there were several: the main one being the method by which the cases had to be started in the common law courts. This was known by obtaining a document known as a writ. Before 1258 it was possible to ask for a writ to be drawn up to cover any situation, but the Provisions of Oxford 1258 restricted the issue of writs for new types of action. This meant that to start a case in the common law...

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