Which statement best reflects the nature of equity? A) Where there is a conflict between the rules and equity and common law rules, then equity has primacy (I. e. the equitable rule will decide the case).

B) Modern equity lawyers only work and practice in relation to trusts law.

C) Equity was developed only in the Royal courts of the Crown by the Chancellor of the Exchequer.

D) Equity is a set of rules developed in the ecclesiastical courts.

E) The Courts of Chancery were abolished by the Judicature Acts of 1873 and 1875. This means that equity now trumps the common law in decided cases and litigation.