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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.
Statements: S * K, T $ K, K @ B
Conclusions: a) S $ B b) S @ B
...Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varian...
Given below are two statements, followed by two conclusions. Assume the given statements to be true even if they vary with commonly known facts. Based o...
Statement:
Some P are Q
Only a few R are S.
Only a few S are T.
Only S are P.
Conclusion:
T. All R can b...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
How far is Atul from Nisha?
Statements: V > U = T ≤ S; T > Z > L; L = N ≥ O
Conclusions:
I. V > L
II. O < S
III. T > V
The Sahariyas are members of an indigenous tribe which has for centuries occupied an area now located partly within the state of Rajasthan and partly wi...
Statement: The UIDAI has temporarily barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers...
Rajesh purchased 6 mangoes, 3 bananas and 10 guavas in ₹136. If the ratio of the cost (per piece) of mangoes, bananas and guavas is 3 : 2 : 1, what wi...