What happen when comes to mistakes about the terms
What happen when comes to mistakes about the terms?
Expert
When it comes to mistake about terms, issue is in fact whether there is compromise ad idem, or a meeting of the minds. A unilateral mistake occurs when, prior to the formation of a agreement, with respect to the meaning of a contract term if 1 party is mistaken and also another party is attentive about that mistake. In that condition courts tend to treat contract as unenforceable. A joint mistake occurs when both the gatherings are unconscious of the mistake at that time contract was formed.
In that case, the remedy afforded depends on the type of mistake which is examined below.
1. Words used inadvertently
2. Misunderstandings about the meaning of words
Explain what do you mean by Duty in tort?
Illustrate what do you mean by Vicarious Performance?
Illustrate the mortgagee’s remedies upon default?
Explain the regulation of business conduct towards consumers?
What do you mean by Compensatory damages?
Illustrate the features of insurance policies?
Explain what do you mean by Termination of Partnership?
Explain PIPEDA and Various statutes regarding unionization?
What do you mean by Bankrupt?
Explain what federal Bills of Exchange Act governs?
18,76,764
1950917 Asked
3,689
Active Tutors
1427709
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!