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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
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Where both the parties to an agreement under a mistake as to a matter ...
An enormous opinion as the value of the things which forms the subject matter of the agreement is not be deemed a mistake as to a matter of fact, Illustration.

A agrees to buy from B a certain horse it turns out that the horse was dead at the time of bargain, though neither party was aware of the fact. the agreement is void.
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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)Validb)Voidc)Voidabled)IllegalCorrect answer is option 'B'. Can you explain this answer?
Question Description
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)Validb)Voidc)Voidabled)IllegalCorrect answer is option 'B'. 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 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)Validb)Voidc)Voidabled)IllegalCorrect answer is option 'B'. 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 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)Validb)Voidc)Voidabled)IllegalCorrect answer is option 'B'. Can you explain this answer?.
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