Leaf v International Galleries
1950 · [1950] 2 KB 86
Posted By lanbuk.com
- Facts
- A buyer bought a painting said to be by Constable. Five years later he found it was not, and sought .
- Issue
- Could he rescind for after so long?
- Held
- No. The Court of Appeal held that his right to rescind was lost through lapse of time.
- Principle
- Delay can bar rescission.
- Why it matters
- It illustrates the bars to equitable relief.
Words and Latin in this note
- Misrepresentation
- A false statement of fact, made before the contract, which induced the other party to enter it. The contract may be rescinded, and damages may follow. Open the note.
- Rescission
- Setting a voidable contract aside, so that the parties are put back, as far as possible, where they were before it. Open the note.
For study only. By lanbuk.com. Always check current sources and consult a qualified professional.