What is the significance of Great Peace Shipping Ltd v. Tsavliris (International) Ltd (2002) for the doctrine of common mistake?
A) It followed Steyn J's dictum in Associated Japanese Bank v. Credit du Nord (1989) that, alongside common mistake at common law (which renders a contract void) , there exists an equitable remedy for common mistake where the common law remedy is unavailable (which renders a contract voidable) .
B) It rejected Solle v. Butcher (1950) , which means that, alongside common mistake at common law (rendering a contract void) there exists no equitable remedy to render a contract voidable.
C) It rejected Bell v. Lever Bros (1932) and affirmed Solle v. Butcher (1950) , which means that there is no common law remedy for common mistake and only an equitable remedy which renders a contract voidable.
Correct Answer:
Verified
Q1: A contract party can void the contract
Q3: Which of the following contracts is void
Q4: The Thai government begins a tendering process
Q5: A contract void for common mistake may
Q6: What will be the consequences if A
Q7: Which of the following statements is false?
A)
Q8: Compurite Co specializes in the lease of
Q9: Anders, a Danish tourist, is visiting London
Q10: Where a party complains of a mistake
Q11: Alessandro needs to raise money quickly in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents