Mutual Mistake In Business Law

Decent Essays

A "mutual mistake" protection is raised by somebody attempting to stay away from their commitment under an agreement. The protection expresses that both sides to the agreement depended on a mixed up presumption when entering the agreement, along these lines making it void. A mistaken supposition is a certainty that both you and the other party accepted to be valid at the time the agreement was agreed upon. In any case, because of whatever condition, this is no more genuine. Therefore, you can no more perform the agreement as you initially proposed. For instance, contracting dig a hole in someone’s backyard and finding later that just below ground level exists strong rock. Not all cases of Mutual Mistake are sufficiently solid to warrant

Get Access