In Raffles V

question 11

Multiple Choice

In Raffles v. Wichelhaus, the court refused to enforce the contract for a boatload of cotton, shipped to but refused by Wichelhaus, because:

• A) the parties made a mutual mistake with regard to which ship named Peerless the cotton was to be shipped on and the two ships sailed in different months.
• B) the parties made a mutual mistake with regard to the quality of the cotton as each ship carried different grades of cotton.
• C) despite there being two ships named Peerless sailing on different dates, the contract was oral and violated the statute of frauds.
• D) Raffles knew that there were two ships named Peerless but failed to notify Wichelhaus, thus committing a fraudulent misrepresentation due to the withholding of a material fact.

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Definitions:

Ethical View

A perspective based on beliefs about what is right and wrong that influences decision-making and behavior.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Right And Wrong

Principles that govern the morality, ethics, and legality of actions or decisions.

Personal Morals

Refers to an individual's set of values and principles that guide their behavior, distinguishing between right and wrong.