Lloyd's Maritime and Commercial Law Quarterly
FALLING MARKETS AND REMOTENESS
Senthil Sabapathy*
John Grimes v Gubbins
C and D enter into an agreement. D breaches this agreement and C is thereby subject to a market risk (ie, the chance of incurring a loss due to a fall in market prices) to which he would not otherwise have been exposed. The market falls and C suffers financial loss.
CASE AND COMMENT
285