Erlanger v New Sombrero Phosphate Co | |
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Court | House of Lords |
Citation | (1878) 3 App Cas 1218, 48 LJ Ch 73, 27 WR 65, [1874-80] All ER Rep 271, 39 LT 269 |
Court membership | |
Judges sitting | Lord Blackburn, Lord Penzance, Lord Cairns LC, Lord Hatherley, Lord O'Hagan, Lord Selborne and Lord Gordon |
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.