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Raffles Search result for 'Raffles': Paper Excerpts: ... Mallor, Jane. Business Law and the Regulatory Environment. Raffles v. Wichelhaus, 159 Eng. Rep. 375. In the case of Raffles v. Wichelhaus, there was no evidence that either party experienced an unexpected gain or loss; . Raffles v. Wichelhaus- Mutual Mistake The doctrine of mutual mistake is a defense used to avoid liability under a contract, because mutual assent is necessary elements. Therefore, the decision should have been in favor of Raffles. which the contract was made. In the contract for the sale of cotton that existed between Raffles and Wichelhaus, there ...
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