The early English court of equity established rules that focus on what would be fair given the specific circumstances of a case, as opposed to what the a strict application of the common law might dictate.

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This statement is true. The court of equity developed in England to provide relief when strict application of common law principles would result in unfairness. The principles developed by equity emphasize fairness, morality, and justice, rather than strict legal rules.

The Early English Court of Equity Established Rules That Focus