What is the ratio in Attwood v Small?

A contract cannot be rescinded for misrepresentation if the representee relied on independent verification rather than the false representations themselves.

What did the court decide in Attwood v Small?

The House of Lords refused rescission because Attwood relied on his own agents' verification of the mine's value, not on Small's false statements.

Why is Attwood v Small important for contract law?

It established the crucial requirement of reliance in misrepresentation claims and shows the protective effect of independent verification in commercial deals.

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