Question

Please aswer this

# ItzTanu ​

Answer 1

Answer:

Mistake means erroneous belief concerning some fact. Parties entering into contracts must not be under any error and they should agree on the same thing in the same sense, i.e., parties should be ad-idem.

Essay on Necessity Is the Mother Of Invention: Necessity is the mother of invention is an ancient proverb, most probably authored by Plato, the Greek philosopher. The saying means that humans create or invent things only when they feel a necessity for them. ... All these inventions were made out of need.

Answer 2

Answer:

In contract law, a mistake is an erroneous belief, at contracting, that certain facts are true. It can be argued as a defense, and if raised successfully can lead to the agreement in question being found void ab initio or voidable, or alternatively an equitable remedy may be provided by the courts