Critically analyse the legal principle established in this case and evaluate its relevance to thelaw today.

Commercial law

[subsequently Lord] Bingham inRhodianRiver Shipping v Halla Maritime Corp [1984] 1 Lloyds Rep, described Watteauv Fenwick [1893] 1 QB 364as “a somewhat puzzling case.”  Watteau still stands as good law despite this view and a vast amount of judicial and academic criticism over the last century.

Critically analyse the legal principle established in this case and evaluate its relevance to thelaw today.