believed to be in transit at sea.
extent that master of ship sold it.
bought ‘an interest in the adventure’.
under shipping documents but corn.
to existence of subject matter renders contract void.
interpretation of Couturier in Solle v Butcher: contract was void because
was implied condition precedent that contract was capable of performance.
reasoning employed by High Court of Australia in McRae: question of whether contract void simply question of
construction – who assumed risk of non-existence?]