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 organization is responsible for the collection of income tax in India?
Padma Shri, Padma Bhushan and Padma Vibushan awardee, Guru Kelucharan Mohapatra, was instrumental in reviving which of the following classical dances?
The equipment ‘Shuttlecock’ is required in which sports?
The payment System Operator is an authorized party that is registered under the Companies Act, 1956 or the Companies Act, 2013 that undertakes the oper...
In which of the following writs does the court enquire into the legality of the claim, which a party asserts to a public office and ousts him from its e...
What is the prescribed standard for supply of Clean Drinking water Litre Per Capita Daily (LPCD) in urban areas in Uttarakhand?
What is the primary purpose of an IP address in a network?
Padma awardee Arjun Singh Dhurve is related to which of the following folk dances?
The force of the Earth’s gravity on every kilogram is about:
In which state is the Paithan Hydro-electric project located?