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 Which of the following statements is not correct?
  • a)
    In matters of fraud, intention to defraud is essential
  • b)
    Where consent to a contract is obtained by misrepresentation, the contract is voidable
  • c)
    A unilateral mistake renders the agreement void
  • d)
    A mistake of foreign law is equal to mistake of fact
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements is not correct?a)In matters of fraud...
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.
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Which of the following statements is not correct?a)In matters of fraud, intention to defraud is essentialb)Where consent to a contract is obtained by misrepresentation, the contract is voidablec)A unilateral mistake renders the agreement voidd)A mistake of foreign law is equal to mistake of factCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following statements is not correct?a)In matters of fraud, intention to defraud is essentialb)Where consent to a contract is obtained by misrepresentation, the contract is voidablec)A unilateral mistake renders the agreement voidd)A mistake of foreign law is equal to mistake of factCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is not correct?a)In matters of fraud, intention to defraud is essentialb)Where consent to a contract is obtained by misrepresentation, the contract is voidablec)A unilateral mistake renders the agreement voidd)A mistake of foreign law is equal to mistake of factCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is not correct?a)In matters of fraud, intention to defraud is essentialb)Where consent to a contract is obtained by misrepresentation, the contract is voidablec)A unilateral mistake renders the agreement voidd)A mistake of foreign law is equal to mistake of factCorrect answer is option 'C'. Can you explain this answer?.
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