Which of the following is true of equity?

A) Decisions in equity cases do not involve considerations of fairness.
B) Money damages are an equitable remedy.
C) Courts of equity are not guided by equitable principles and maxims.
D) Law and equity have merged, so today the same court can award both remedies.

Equity refers to a branch of law that was developed alongside common law to address situations where the strict rules of common law would result in an unfair outcome. Equity is characterized by its focus on fairness and justice. Historically, courts of law and courts of equity were separate, with the former primarily awarding money damages and the latter focusing on remedies such as injunctions, specific performance, and rescission. Over time, many jurisdictions have merged the administration of law and equity, allowing the same courts to apply both legal and equitable principles and remedies. This means that today, a single court can indeed award both legal remedies (like money damages) and equitable remedies (like injunctions or specific performance), reflecting the merger of law and equity.