What Are the Maxims of Equity

question 10

Multiple Choice

What are the maxims of equity?

• A) Summaries of legal rules, which are applied in cases as binding authority.
• B) A complete guide to the operation of equity.
• C) Summaries of the key principles of the equitable jurisdiction.
• D) A list of the moral principles underpinning equitable decisions.

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Definitions:

GDP

The entirety of the market or monetary valuation of completed goods and services that have been produced within a country's frontiers in a specific time frame is referred to as Gross Domestic Product.

Underground Economy

Economic activities that occur outside of the official market and are not recorded in the gross national product or gross domestic product.

Illegal Immigrants

Individuals who enter or reside in a country without proper authorization or in violation of immigration laws.

Entrepreneurs

Individuals who organize, manage, and assume the risks of a business or enterprise, often innovating and creating new products or services.