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United Kingdom unjust enrichmentfailure of consideration

Pan Ocean Shipping Co Ltd v Creditcorp Ltd (The Trident Beauty)

[1994] 1 WLR 161
JurisdictionUnited Kingdom
CourtHouse of Lords
Year1994
StatusBinding authority

Key Principle

Where a contract governs the relationship between the parties, a claim in unjust enrichment is generally excluded; the law of unjust enrichment does not provide an alternative remedy where the parties' rights are regulated by contract.

Area of Law

commercial

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