Explain Why the Law of Equity Developed

question 18

Essay

Explain why the law of equity developed.

Recognize the role of misrepresentation and fraud in undermining the validity of a contract.

Understand the concept of material facts and their significance in contract law.

Acknowledge the limitations and applicability of remedies in mistaken and fraudulent situations.

Understand the principles surrounding voluntary consent in contractual agreements.

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Definitions:

Club Mosses

Ancient group of non-flowering plants with a vascular system, resembling mosses but genetically closer to ferns.

Lycopodiophyta

A division of vascular plants, also known as clubmosses, that are characterized by their leafy stems and cone-like structures.

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.

Anthocerophyta

A phylum of plants known as hornworts, characterized by a flat thallus and a sporophyte that resembles a long horn.