Agreement void where both parties are under mistake as to matter of fact

Agreement void where both parties are under mistake as to matter of fact https://www.taxtmi.com/acts?id=7129 When both parties share a mistake as to a fact essential to the subject-matter, the agreement is void; an erroneous opinion as to the thing's value is excluded. Mutual mistake nullifies contracts where the factual error affects the existence or identity of the contracted subject, as illustrated by lost cargo, a dead animal sold as alive, or the sale of a life estate when the life-holder was already dead. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator Agreement void where both parties are under mistake as to matter of fact https://www.taxtmi.com/acts?id=7129 When both parties share a mistake as to a fact essential to the subject-matter, the agreement is void; an erroneous opinion as to the thing's value is excluded. Mutual mistake nullifies contracts where the factual error affects the existence or identity of the contracted subject, as illustrated by lost cargo, a dead animal sold as alive, or the sale of a life estate when the life-holder was already dead. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7129