Maxims of equity are like rules that judges use to make fair decisions when people have legal disputes or conflicts with each other.
Think of it like this: when you're playing a game with your friends, you have to agree on certain rules or "fair play" guidelines to make sure nobody is cheated or treated unfairly. Maxims of equity are similar, but for grown-ups and for the legal system.
Here are some examples of maxims of equity:
1. "Equity looks to the intent rather than the form." This means that judges will try to understand what people really meant or intended, even if the words they used were confusing or unclear.
2. "Those who seek equity must do equity." This means that if someone wants a fair decision from the court, they must also be willing to act fairly and honestly themselves.
3. "Equity will not suffer a wrong without a remedy." This means that if someone has been wronged or hurt in some way, the court will try to find a way to make it right, even if there isn't a clear law or rule that applies.
Overall, maxims of equity help judges to make fair decisions based on what is right and just, rather than just following strict rules or procedures.