Home › CA Foundation › businesslaw › Other Essential Elements of a Contract › A bilateral mistake of both parties as to a matt…
A bilateral mistake of both parties as to a matter of fact essential to the agreement (Section 20) makes the agreement:
AVoidable only by the mistaken party
BVoid
CValid but unenforceable
DVoidable at either party's option
Answer & Solution
Correct answer: B. Void
Section 20 provides that where both parties are under a mistake as to a matter of fact essential to the agreement, the agreement is void.
Related questions
Under Section 24, where one part of a single consideration for an object is unlawful and cA marriage brokerage agreement, i.e. a promise to pay reward for procuring a spouse, is:An agreement to assist another in litigation in exchange for a share of the proceeds of thAn agreement to stifle the prosecution of a non-compoundable offence is:Under Section 23, the consideration or object of an agreement is unlawful when it is:How does the law treat a mistake of Indian law versus a mistake of foreign law?Under Section 22, a contract is NOT voidable merely because:In misrepresentation under Section 18, the person making the false statement: