Investors Compensation Scheme Ltd v West Bromwich Building Society | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-02-08

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Investors_Compensation_Scheme_Ltd_v_West_Bromwich_Building_Society


00:01:00 1 Facts
00:03:13 2 Judgment
00:04:14 3 See also



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SUMMARY
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Investors Compensation Scheme Ltd. v West Bromwich Building Society [1997] UKHL 28 is a frequently-cited English contract law case which laid down that a contextual approach must be taken to the interpretation of contracts.
Lord Hoffmann set out five principles, so that contract should be construed according to:

what a reasonable person having all the background knowledge would have understood
where the background includes anything in the 'matrix of fact' that could affect the language's meaning
but excluding prior negotiations, for the policy of reducing litigation
where meaning of words is not to be deduced literally, but contextually
on the presumption that people do not easily make linguistic mistakes