Unilateral
Where 1 of the parties is mistaken to a material fact, the agreement is never-the-less binding unless the nonmistaken party knew of the error or enforcing the contract would be unconscionable.
Caveat emptor - buyer beware
Unilateral mistake of law
ignorance of the law is no excuse
Mutual mistakes -
where both parties are operating under the same material mistake of fact or law the contract is voidable
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment