Wichelhaus (Buyer) purchased a shipment of Surat cotton from Raffles (Seller) to arrive on Peerless from Bombay.. Wichelhaus expected the goods to be shipped on the ship Peerless sailing from Bombay in October. Raffles expected to ship the goods on a different ship Peerless, which sailed from Bombay in December. When the cotton arrived two months later than expected, the buyer refused to take delivery. This situation illustrates which defense to the enforcement of a contract?
a. Bilateral or mutual mistake c. Misrepresentation
b. Unilateral mistake d. Duress
Question 2
Conservatives argue that government welfare programs cannot cure poverty because
A. Encourages people to remain poor
B. Breaks up families
C. Cheating and fraud is rampant
D. All of the above
E. None of the above
Stamford Raffles
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
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