Question 1: Laidlaw v. Organ, 15 US. (2 Wheat.) 178 (1815) During the War of 1812 between Britain and the United States, the British blockaded New Orleans, which depressed the price of export goods like tobacco. Organ, a buyer of tobacco, received private information that the war had ended by treaty; so, he called on a representative of the Laidlaw rm and offered to buy tobacco. The representative of the Laidlaw firm was ignorant about the peace treaty; so, a contract was concluded between them at the depressed price. The next day public notice was given in New Orleans that peace was concluded, and the price of tobacco soared. Questions: A) Was this mistake unilateral or mutual? Explain B) Is this information socially valuable or purely distributive? Explain. C) The court ruled the contract void because Organ had casually acquired information that peace was concluded. Is this the efcient ruling? Explain. D) Should the ruling be different if the information was acquired deliberately? Explain