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JEB Fasteners v Marks, Bloom & Co [1983]

Facts

  • The claimants acquired a company to make use of the directors. They then sought to rescind the contract on the basis of a misrepresentation made in the accounts of the company

Issue

  • Could the contract be rescinded?

Decision

  • No

Reasoning

  • The misrepresentation had not played a ‘real and substantial’ part in inducing the claimants into entering the contract; the motive for entry was to acquire the directors only
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