CIMA Exam CIMAPRA17-BA4-1 Topic 2 Question 79 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 79
Topic #: 2

[All CIMAPRA17-BA4-1 Questions]

Which of the following statements is correct in relation to equity?

(i) Equity was developed by the Court of Chancery

(ii) Equitable maxims were developed by lawyers

(iii) In the event of a conflict between equity and the common law, equity prevails

A(i) only

B(i) and (ii) only

C(i) and (iii) only

D(i), (ii) and (iii)

Show Suggested Answer

Suggested Answer: B

by Herminia at Dec 22, 2023, 03:33 PM

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Annamae

5 days ago

I believe the correct answer is (C) (i) and (iii) only, because equity prevails in case of conflict with common law.

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Devon

6 days ago

Equity was definitely developed by the Court of Chancery, so (i) has to be correct. I'm not sure about the other statements though.

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Gilbert

8 days ago

I agree with Gregoria, equity was developed by the Court of Chancery.

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Gregoria

10 days ago

I think the correct statement is (i) only.

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Natalie

12 days ago

But I remember learning that equity was developed by the Court of Chancery, so I think (i) and (iii) only is correct.

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Sherron

13 days ago

I disagree, I believe it's (i) and (ii) only.

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Natalie

16 days ago

I think the correct statement is (i) only.

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