• 1 Marks

BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the term for a situation where both parties are mistaken about the subject matter in a contract.

In a contract, the situation in which both parties are mistaken as to the subject matter is known as _____________________.

Common mistake
Explanation: A common mistake occurs when both parties to a contract share the same incorrect belief regarding a fundamental fact, such as the existence or identity of the subject matter.

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