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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2 days ago

I think the correct statement is (i) only.

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