MAXIM NO 5 AND 6
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Equity aids the vigilant not the indolent
Vigilantibus non dormientibus aequitas subvenit.A person who has been wronged must act relatively swiftly to preserve their rights. Otherwise, they are guilty of laches, an untoward delay in litigation with the presumed intent of denying claims.
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EQUALITY IS EQUITY Equity always tries to put the litigating parties on a an equal level so for as their rights and liabilities are concerned. equity acts in such manner that no party gets an under advantage over the other party. benefits and burden of common interests and obligation cannot be imposed upon and pressed against any one.