Where both the parties to an agreement under a mistake as to a matter of fact, which is essential to the agreement, the agreement is : (a) Valid (b) Void (c) Voidable (d) Illegal
Answers
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void.
An erroneous opinion as to the value of the thing which forms the subject-matter of the agreement, is not to be deemed a mistake as to a matter of fact.
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Where both the parties to an agreement under a mistake as to a matter of fact, which is essential to the agreement, the agreement is : (a) Valid (b) Void (c) Voidable (d) Illegal
The correct answer is :
(b) Void
Explanation :
When one of the parties is at fault under one of the agreements or one of the parties has entered into an agreement by way of fault or has given any wrong fact in the agreement, that agreement shall be deemed to be void.
Any agreement requires that neither party be at fault and that any evidence or facts presented in the agreement must be correct.
Any false fact by one party will result in cheating with the other party and in such case, the agreement will be treated as void. The terms and conditions of the Agreement shall be void.
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