Start learning 50% faster. Sign in now
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.
Mount Paona is a significant peak in which Indian state?
The bypass approved for Guwahati will have a length of:
Which Indian app joined the Open Network for Digital Commerce (ONDC) as a seller marketplace, offering a zero-commission food delivery model?
What is the theme for World Intellectual Property Day 2025?
The Prime Minister of India Shri Narendra Modi has unveiled the Unit-1 of Maitree Super Thermal Power Project in which country recently?
Which Organization Manages Foreign Portfolio Investments (FPIs) in India?
Which Article of the Indian Constitution empowers the President to grant pardons?
The Full form of NCCC is
Xiomara Castro has become the first-ever female President of which nation?
Which article of the Indian Constitution abolished untouchability?