Exam (elaborations)
IF1 Legal Cases questions and correct answers
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IF1 Legal Cases questions and correct answers
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IF1 Legal Cases questions and correctanswers
Castellani v. Preston (1883) - correct answer ✔✔Principle of indemnity and subrogation
(the insured received more than the full indemnity)
Coles v. Hetherton (2013) - correct answer ✔✔Insurer's subrogation rights
(Found that insurers seeking vehicle repair costs at the market rate, when repair work actually done at
discounted rate, was lawful)
Currie v Misa (1875) - correct answer ✔✔Defined consideration-
(Some right, interest, profit or benefit accruing to one party or some forbearance, detriment, loss or
responsibility given, suffered or undertaken by the other)
Dalby v India & London Life Assurance Co (1854) - correct answer ✔✔Insurable interest for life insurance
(There need be no valid insurable interest at time of claim)
Gloystarne & Co Ltd v. Mr G S Martin (2000) - correct answer ✔✔Apparent authority
Household Fire Insurance Co. v. Grant (1879) - correct answer ✔✔Postal acceptance
(offer is accepted when letter is posted, even if it gets lost in the post)
Hyde v Wrench (1840) - correct answer ✔✔Counter-offer = rejection of previous offer
Kettlewell v. Refuge Assurance (1909) - correct answer ✔✔Misrepresentation by insurer
(Misleading an insured about a policy is a breach of good faith)
Leyland Shipping v. Norwich Union Fire (1918) - correct answer ✔✔Proximate cause
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