Question

business laws question​

Answer 1

Answer:

If you discover a mistake in a contract, one consequence may be that the contract becomes void ab initio. ... Alternatively, it can rule that the parties never lawfully entered into the contract. Voiding a contract because it contains a mistake is only one of several options for dealing with a mistake in a contract

In other words, it is a misunderstanding between the parties entering into a contract as to a material fact. A mutual mistake will only affect the validity of the contract if the mistake is so fundamental that it nullifies consent. If the mistake goes to the heart of the contract, the contract will be rendered void.

Explanation:

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