BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In the United States, the federal courts and most state courts have merged law and equity into courts of general jurisdiction, such as county courts. However, the substantive distinction between law and equity has retained its old vitality.

Detailed explanation-2: -The federal courts got rid of law/equity separation with the adoption of the Federal Rules of Civil Procedure in 1938. Today, only three states still have separate courts for law and equity. Delaware still obtains a Court of Chancery and is a main reason for the incorporation practices there.

Detailed explanation-3: -A court of equity is a type of court with the power to grant remedies other than monetary damages. These remedies include injunctions, writs, or specific performance among others.

Detailed explanation-4: -Common law typically refers to laws based on precedence and the rulings of judges who hear a case in a courtroom. Equity, on the other hand, refers to laws that are similarly established by court rulings but deal with judgment and justice through equitable decisions.

Detailed explanation-5: -Law and equity both are important for justice. Where the rigidities of the law threaten justice, equity prevails, and where equity has no remedy the letter of law is followed. Justice, thus, depends upon both and thus, both must be consulted in order to deliver justice.