ABSTRACT
In terms of our understanding of the principles of equity, these subjects indicate the means by which equity has come to interfere with the exclusive competence of the common law in relation to contracts. Whereas a contract might be validly formed under common law, and whereas common law provides for payment of damages in situations in which there has been some misrepresentation by one party which induces the other party to enter into the contract, equity provides a means of terminating or altering contracts where to do otherwise would be against conscience.
