Question
Which of the following agreements is
void?Solution
Contract Act Section 20 will only apply when the following three conditions are fulfilled: •     The mistake must be committed by both the parties i.e must be mutual •     The mistake must be regarding some fact. •     It must relate to a fact which is essential to the contract. Therefore, if the mistake is made regarding the existence of the subject matter or a fact essential to the contract, it would be a void contract since there is no consensus ad idem. But an incorrect opinion regarding the value of the thing which forms the subject matter of the agreement is not said to be a mistake of fact and is considered inconsequential to the agreement.
- Which international declaration will be adopted at the 3R and Circular Economy Forum 2025?
Recently Maharashtra Government has given approval to renaming of which of the following cities?
India's first underwater metro expected to be ready by ______?
With reference to the Polar Satellite Launch Vehicle (PSLV), consider the following statements:
1. PSLV has been used by ISRO to launch various s...
What was the theme of World Radio Day 2022?
Which newspaper was founded by Jawaharlal Nehru?
Ola is raising $100 million from _____________ to partly finance the first phase of construction of India’s largest ride-hailing platform ‘O...
Who out of the following captured Gwalior after the Battle of Panipat in 1761?
The Ministry of Consumer Affairs, Food and Public Distribution, Textiles and Commerce and Industry has recently launched wheat flour (Atta) under ‘Bha...
On which date World Braille Day is celebrated annually?