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
Showing posts with label Mistakes. Show all posts
Showing posts with label Mistakes. Show all posts
Saturday, October 27, 2007
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