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United Kingdom common mistakeformation

Great Peace Shipping Ltd v Tsavliris Salvage (International) Ltd

[2002] EWCA Civ 1407
JurisdictionUnited Kingdom
CourtEngland and Wales Court of Appeal (Civil Division)
Year2002
StatusBinding authority

Key Principle

Common mistake renders a contract void at common law only where the shared assumption is fundamental and renders the contractual adventure impossible; there is no separate equitable jurisdiction to set aside a contract for common mistake (overruling Solle v Butcher).

Area of Law

contract

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