Case Facts for the 1833 Case Between Price v Easton
Price v Easton (1833) is an English contract law case that dealt with the issue of unilateral mistake in a contract.
In this case, the plaintiff, Price, agreed to purchase a horse from the defendant, Easton, for a price of £70. However, it was later discovered that the horse was actually worth significantly more than £70. Price argued that the contract was void on the grounds of unilateral mistake, as he had believed that the horse was only worth £70 at the time of the agreement.
The court held that the contract was not void on the grounds of unilateral mistake. The court held that a unilateral mistake is not sufficient grounds to void a contract, unless the other party was aware of the mistake and took advantage of it. The court stated that a contract will only be void on the grounds of unilateral mistake if the mistake was so serious that it would be unjust to enforce the contract.
The case of Price v Easton is an important case in the law of contract as it established the principle that a unilateral mistake is not sufficient grounds to void a contract. The case confirmed that a contract will only be void on the grounds of unilateral mistake if the mistake was so serious that it would be unjust to enforce the contract, or if the other party was aware of the mistake and took advantage of it.