DOCTRINE OF MISTAKE

The doctrine of mistake is the foundation for setting a contract.  The name mistake sets a narrower sense than the common usage. The main effect of the mistake is to prevent the formation of the first contract.  The mistake made is not enough to set aside the contract.  The doctrine of mistake adopts the aim approach.  It is difficult to interpret the law that relates to the influence of the doctrine of mistake upon the validity of the contract.  The common mistake is the phrase used to describe the mistake that I committed by both parties in the contract. Unilateral mistake is where one party is responsible for the mistake committed while the other party to the contract is aware of the mistake committed. Unilateral mistake is usually related to mistaken identity. Mutual mistaken explains how both parties are mistaken. An agreement mistake is a phrase used to describe both unilateral and mutual mistakes.  Mostly the law that relates to the mistake is in a state of instability. The law is required to get the fairness and balance of the mistake.

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