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A unilateral mistake is a transient mental blunder that results from an error in the mechanics of an actor’s mental machinery, such as incorrectly adding a column of figures. Mistakes of these kinds are referred to in this book as mechanical errors.
Mistake Cases covering common mistake, unilateral mistake, and mutual mistake contract law case summaries.
Definition. A unilateral mistake occurs when only one party in a contract is mistaken about a material fact, leading to a situation where that party may seek to rescind or modify the contract.
Unilateral Mistake. Unilateral mistake addresses misunderstandings between the parties that relate to the terms of the contract or the identity of the parties to the contract. It does not apply to mistakes about the facts known or assumed by the parties.
In the realm of contracts law, the concept of unilateral mistake holds significant importance. In this article, we will provide an in-depth understanding of unilateral mistake, its definition, and explore relevant examples and expert opinions.
Mutual and Unilateral Mistake in Contract Law. Title. Mutual and Unilateral Mistake in Contract Law. Author. drs63. Created Date. 12/7/2016 9:13:37 AM.
The law distinguishes between several types of mistake. Some mistakes (‘agreement mistakes’) prevent formation of an agreement. These mistakes are common mistakes (where the parties are at cross-purposes) and unilateral mistakes (where one party is mistaken and the other knows or ought to know this, e.g. unilateral mistake as to identity).
