IndexFacts of the CaseLegal IssuesLegal AnalysisImpact of the CaseConclusionThe Case of Sherwood v. Walker Walker is a landmark legal case that had a lasting impact on contract law in the United States. The case, decided by the Michigan Supreme Court in 1892, involved a dispute over the sale of a cow believed to be infertile. The decision in this case had significant implications for the law of misrepresentation and the doctrine of mutual mistake in contract law. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Facts of the Case The case of Sherwood v. Walker concerned a contract for the sale of a cow. The plaintiff, Mrs. Sherwood, purchased a cow from the defendant, Mr. Walker, for the sum of $80. The cow was described as a "grade" cow, which Mrs Sherwood interpreted to mean that the cow was capable of reproducing and producing offspring. However, it was later discovered that the cow was actually sterile and incapable of reproducing. Mrs Sherwood sought to rescind the contract and recover the purchase price, arguing that she had been induced to enter into the contract by the defendant's misrepresentations regarding the cow's fertility. Legal issues The central issue in the case was whether the defendant's misrepresentations regarding the cow's fertility constituted grounds for termination of the contract. The trial court ruled in favor of the plaintiff, finding that the defendant's misrepresentations had induced the plaintiff to enter into the contract. However, the defendant appealed the decision, arguing that the contract should not be terminated on the grounds of mutual mistake. Legal Analysis The Michigan Supreme Court ultimately ruled in favor of the plaintiff, holding that the contract should be terminated due to mutual mistake regarding the cow's fertility. The court found that the parties had entered into the contract with the mutual belief that the cow was capable of reproducing and that this belief was a fundamental basis of the contract. The court found that the defendant's misrepresentation regarding the cow's fertility constituted a material breach of contract and that the plaintiff was entitled to terminate the contract and recover the purchase price. Impact of the Case The decision in Sherwood v. Walker has had a lasting impact on the law of misrepresentation and mutual mistake in contract law. The case established that a contract can be terminated by mutual mistake if the mistake is material and fundamental to the contract. The case also clarified that a misrepresentation regarding a fundamental basis of the contract can be grounds for termination. Accordingly, the Sherwood v. Walker has been cited as precedent in numerous subsequent cases involving mutual misrepresentations and errors in contract law. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom EssayConclusionThe case of Sherwood v. Walker is a significant legal precedent that has had a lasting impact on the law of misrepresentation and mutual misstatement in contract law. The decision in this case held that a contract can be terminated by mutual mistake if the mistake is material and fundamental to the contract. The case also clarified that a misrepresentation regarding a fundamental basis of the contract can be grounds for termination. Accordingly, the Sherwood v. Walker has been cited as precedent in numerous subsequent cases involving misrepresentations and errors.