'It's the function of the judge not to make law but to declare law, according to the meta-wand of the law and not by the crooked cord of discretion'

this is a quote by Sir Edward Coke representing Common law.

vs.

'The cause why there is Chancery is, for that's men's actions are so divers and infinite that it is impossible to make any general law which may aptly meet with every particular act and not fail in some circumstances'

this is a quote byThomas Egerton (Lord Ellesmere) representing Equity.

Imagine you are Lord Ellesmere defending your position which represents equity.

can you please help me understand what this question means and how to begin writing an essay on this topic.