What is the ratio in L'Estrange v Graucob?

A party who signs a contract is bound by all its terms, regardless of whether they read or understood them, unless fraud, misrepresentation, or non est factum applies.

What did the court decide in L'Estrange v Graucob?

The Court of Appeal held that Mrs L'Estrange was bound by the exclusion clause she had signed, even though she had not read the contract.

Why is L'Estrange v Graucob important for contract law?

It established the signature rule which promotes commercial certainty by making parties responsible for terms they sign, emphasizing the importance of reading contracts before signing.

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