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What is the relevance of equity today?  

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What is the relevance of equity today? '''Equity''' is the name given to the whole area of the English legal system that resolves disputes between persons by resorting to principles of fairness and justness. Equity comes into play typically when none of the parties to the dispute has done anything against the law, but their rights or claims are in conflict. Before equity came into existence, common law prevailed with Norman's conquest of England in 1066 A.D. He devised a legal system that was 'common to all' and established itinerant judges who traveled the country and set up court in various places. Whatever conclusion the judges came to was set down in a book of writs, and it was to this book litigants had to refer to. This writ system was inflexible and if the problem of a plaintiff was not in the book, he could not lodge a complaint. Common...

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