What is the ratio in Great Peace Shipping v Tsavliris?

Common mistake only renders a contract void at common law if the mistake makes performance impossible or fundamentally different from what was contracted for. There is no separate equitable doctrine of mistake.

What did the court decide in Great Peace Shipping v Tsavliris?

The Court of Appeal held that the contract remained valid despite the parties' mistake about the vessels' proximity, and overruled the equitable doctrine of mistake established in Solle v Butcher.

Why is Great Peace Shipping v Tsavliris important for contract law?

It simplified the law of mistake by establishing that only one doctrine exists at common law, eliminating previous confusion between common law and equitable approaches to contractual mistake.

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