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A) The court rescinded the contract.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.

Question

Quizplus · Accepted Answer

The court rescinded the contract because there was a mutual mistake regarding the identity of the ship named Peerless, leading to a lack of consensus ad idem (meeting of the minds) which is essential for a valid contract.

What Was the Result in the Peerless Case Discussed in the Text