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A mistake is an error in understanding facts, meaning of words or the law, which causes one party or both parties to enter into a contract without understanding the responsibilities or outcomes. Such a mistake can entitle one party or both parties to a rescission (cancellation) of the contract.
1) an error in comprehending facts, meaning of words or the law, which causes one party or both parties to enter into a contract without understanding the obligations or results. Such a mistake can entitle one party or both parties to a rescission (cancellation) of the contract.
4 sie 2022 · In Section 1, I explain the meaning of the notion of mistake of law and explore the possible rationales for accepting or denying that this claim may exclude responsibility in criminal proceedings.
5 lip 2024 · Mistake of law refers to a misunderstanding or incorrect belief about the law as it applies to one's actions or situation. It occurs when an individual acts under the belief that their conduct is lawful, not realizing that the action is actually illegal.
27 kwi 2016 · To a layman, any obvious misunderstanding of the contract by either party could be categorized as a mistake. However this is not the case. Mistake in the law of contract only applies to fundamental facts that go to the root of the contract.
mistake. n. 1) an error in comprehending facts, meaning of words or the law, which causes one party or both parties to enter into a contract without understanding the obligations or results....
1 kwi 2019 · In order for a transaction (whether entered into by an individual or a trustee) to be set aside for mistake the following conditions must be met: 1. There must be a distinct mistake as...
