WebErlanger then established New Erlanger Phosphate Co (Phosphate), before selling Sombrero’s lease to Phosphate for £110000 through a nominee. One of Phosphate’s … Erlanger v New Sombrero Phosphate Co (1878) 3 App Cas 1218 is a landmark English contract law, restitution and UK company law case. It concerned rescission for misrepresentation and how the impossibility of counter restitution may be a bar to rescission. It is also an important illustration of how promoters of a company stand in a fiduciary relationship to subscribers.
Statutory Definition of Promoter - LawTeacher.net
Web311, 319 (1900); Wheal Ellen Gold Mining Co. v. Read, 7 Austr. C. L. R. 34, 43 (1908); Erlanger v. New Sombrero Phosphate Co., 3 App. Caz. 1218, 1236 (1878). (1011] YALE LAW JOURNAL organization. These contracts are in their very nature anoma-lous for although the promoter is a party to the contract, per- formance is not expected of him, … WebWhat were the key facts in Erlanger v New Sombrero Phosphate Co? A Erlanger was a promoter. The company bought land from Erlanger at a premium. The board approved this purchase, but most were not independent of Erlanger. Held: the … logical fallacies in the simpsons
Erlanger v New Sombrero Phosphate Co explained
WebErlanger v New Sombrero Phosphate Co (1878) 3 App Cas 1218 is a landmark English contract law, restitution and UK company law case. It concerned rescission for misrepresentation and how the impossibility of counter restitution may be a bar to rescission. It is also an important illustration of how promoters of a company stand in a fiduciary ... WebErlanger v New Sombrero Phosphate Co VIMP syndicate purchased a mine for £55,000. The syndicate then formed a company and through a nominee sold the mine to it for £100,000 without disclosing their interest in the contract. WebJul 29, 2024 · Frédéric Émile d'Erlanger was a Parisian banker. He bought the lease of the Anguilla island of Sombrero for phosphate mining for £55,000. He then set up the New … logical fallacies in the news examples