What Was the Result in the Peerless Case Referenced in the Textbook

question 35

Multiple Choice

What was the result in the Peerless case referenced in the textbook 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• A)The court rescinded the contract.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.

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Definitions:

Binding Requirement

A legal or formal obligation that parties must adhere to.

Undue Influence

The excessive pressure or influence exerted by one person over another to persuade or coerce them into making decisions that may not be in their best interest.

Contracting Parties

Entities entering into a contractual agreement, thereby accepting mutual obligations.

Criminal Prosecution

The process by which a person is charged, tried, and possibly convicted of committing a crime, undertaken by the state.