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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Alline

1 months ago

Equity? More like 'equi-what?' Am I right, folks? Anyway, I'm going to go with (D) just to be safe. Can't go wrong with all three statements, right?

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Mollie

2 days ago

I agree, it was developed by the Court of Chancery.

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Stephania

2 days ago

I agree, it was developed by the Court of Chancery.

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Michel

12 days ago

I think equity is all about fairness and justice.

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Carli

21 days ago

I think equity is all about fairness and justice.

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Shawna

2 months ago

This question is a piece of cake! Equity and the Court of Chancery, that's basic stuff. I'm going with (A) because it's the simplest option.

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Alison

7 days ago

User 3: I think (A) is the correct answer too. It's straightforward.

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Arlette

17 days ago

User 2: Yeah, (A) seems like the right choice. It's the simplest one.

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Providencia

1 months ago

User 1: I agree, this question is easy. I'm also going with (A).

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Lavina

2 months ago

I can't believe they're asking about equity on this exam! It's like they're trying to trick us. But yeah, (i) and (iii) are correct, so I'll go with (C).

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Terrilyn

28 days ago

Yeah, it's definitely a challenging question. I'm going with (C) as well.

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Delisa

1 months ago

I remember learning about equity in class. I believe (i) and (iii) are correct, so (C) is the best choice.

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Germaine

1 months ago

I agree, it does seem like a tricky question. I think (C) is the correct answer.

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Lemuel

2 months ago

I'm pretty sure all three statements are correct. Equitable maxims were developed by lawyers, and equity prevails over common law in case of a conflict. Option (D) has to be the right answer.

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