Quiz on Bilateral Mistake and Contract Law

What is a common mistake in contract law?

• A mistake made by one party only

• A mistake made by both parties

• A mistake regarding the price

• A mistake about the location

In the case of Cooper v Phibbs, what was the main issue?

• Mistake as to the quality of goods

• Mistake about the location of the fishery

• Mistake as to ownership

• Mistake regarding the price

What was the outcome of Galloway v Galloway?

• The contract was void

• The contract was modified

• The contract was voidable

• The contract was upheld

In McRea v CDC, what did the court decide regarding the contract?

• The contract was voidable

• The seller was not liable

• The buyer could claim damages

• The contract was void

What does S.6 of the Sales of Goods Act 1979 state?

• The contract is valid regardless of the subject matter

• The subject matter must exist at the time of the contract

• The contract is void if both parties are mistaken

• The contract is void if the subject matter ceases to exist after the contract

What was the main issue in Bell v Lever Brothers?

• Mistake as to ownership

• Mistake as to quality

• Mistake regarding the price

• Mistake about the location

What did Lord Denning rule in Solle v Butcher?

• The contract was modified

• The contract was upheld

• The contract was set aside for equity

• The contract was void for mistake

In Leaf v International Galleries, what was the claimant's main argument?

• Mistake about the price paid

• Misrepresentation of ownership

• Mistake about the location of the gallery

• Mistake regarding the quality of the painting

What was the outcome of Great Peace Shipping v Tsavliris?

• The contract was void

• Rescission was available

• No equitable doctrine of common mistake could apply

• The contract was modified

What is required for a contract to be void due to mistake?

• The mistake must be about the price

• The mistake must be about the parties involved

• The mistake must be mutual and essential

• The mistake must be about the location