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Examples Of Mistake Of Law

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In contract law, a mistake is a wrong belief or opinion in contract , that certain facts are true. which is the subject of the agreement. It can be argued as a defense, and if I can successfully brought out the agreement in question is void ab initio or voidable, or alternatively can be an effective remedy provided by the courts. Contract act in India, there are three different types of errors in the contract: the "unilateral mistake ', the ' mutual mistake" and "common error. mistake may be- (1)mistake of law (2) mistake of fact mistake of law: when a party enters into a contract, without the knowledge of law in the country, the contract is affected by these errors, but it is not zero. The reason is that ignorance of the law is no excuse. However, if a party is induced to conclude a contract for mistake of law then such contract is not valid. Figure A and B make a contract grounding in the mistaken belief that a particular debt is prohibited by Indian law of limitation; the contract is voidable. mistake of fact: When both sides reach an agreement under an mistake about an essential fact to the agreement, the agreement is void. Explanation: An erroneous opinion as to the value of the thing which is the subject of the agreement should not be considered an error on a question of fact.
The problems posed by mistake have been a source of continuing difficulties in contract law. Part of this difficulty is the complex nature of the problems: Intuitively, it seems that there is

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