The Golden Victory 
- A charterparty was breached
- War broke out shortly after the breach, which would have allowed discharge of the charterparty without penalty
- Should damages be reduced to take into account the outbreak of war?
- The court followed the principles of ‘fairness’ over ‘certainty’; now most large contracts contract out of the Golden Victory principle, ensuring that damages do not account for post breach events
Posted in Contract Law Revision Notes.
This page was last updated on 30th April 2014