UAC v Argo, (1958) short summary and court held

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UAC v Argo, (1958)

The defendant who was under a written contract, not to sell goods on credit and to be personally responsible for losses incurred if he does, sold on credit having permitted to do so.

Held: The defendant could not be liable since the written contract had been validly rescinded by the oral agreement

See also  Summary of Caparo Industries plc v Dickman [1990] 2 AC 605 (HL)

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