AAT Level 2 Business Environment Practice Questions - AAT Level 2 Certificate In Accounting (Q2022) - The Business Environment Synoptic Exam

In English law, what is the key distinction between common law and equity?

Common law developed through decisions of the courts, while equity developed to provide fairer remedies where common law was too rigid Common law is written by Parliament, while equity is created only by the monarch Common law applies only to criminal cases, while equity applies only to civil cases Common law is used in Scotland, while equity is used in England and Wales

Correct Answer:

Common law developed through decisions of the courts, while equity developed to provide fairer remedies where common law was too rigid

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