“Equity can be described but not defined. It is a body of law developed by the Court of Chancery in England before 1873. Its justification was that it corrected, supplemented and amended the common law. It softened and modified many of the injustices in common law, and provided remedies where at law they were either inadequate or non-existent” Meagher, Gummow and Lehane, Equity Doctrines and Remedies (Butterworth 1992 3rd Edition) at page 3 Evaluate this statement with reference to the nature and purpose of Equity today.