Asked by
Averyanna Barney
on Nov 21, 2024
Verified
What was the result in the Peerless case discussed in the text in which there were two ships named Peerless and the parties disagreed over which ship was the subject of the contract?
A) The court rescinded the contract.
B) The court ruled that the older ship would be identified to the contract.
C) The court ruled that the newer ship would be identified to the contract.
D) The court ruled that the defendant would be allowed to choose which ship would be identified to the contract.
E) The court ruled that the plaintiff would be allowed to choose which ship would be identified to the contract.
Peerless Case
The Peerless case, formally known as Raffles v Wichelhaus, is a leading English contract law case that established the doctrine of mutual mistake when both parties of a contract are mistaken about an essential term of the contract.
- Attain an understanding of the principles and impacts of unilateral and mutual errors in the framework of contracts.
Verified Answer
GM
Learning Objectives
- Attain an understanding of the principles and impacts of unilateral and mutual errors in the framework of contracts.
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