This time we are looking on the crossword puzzle clue for: Mistakes.
it’s A 8 letters crossword definition.
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Random information on the term “Mistakes”:
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. Common law has identified three different types of mistake in contract: the ‘unilateral mistake’, the ‘mutual mistake’ and the ‘common mistake’. The distinction between the ‘common mistake’ and the ‘mutual mistake’ is important.
Another breakdown in contract law divides mistakes into four traditional categories: unilateral mistake, mutual mistake, mistranscription, and misunderstanding.
Mistake can be-(1) Mistake of Law; or(2) Mistake of Fact
Mistake of law: when a party enters into a contract, without the knowledge of the law in the country, the contract is affected by such mistakes but it is not void. The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid.Illustration: Harjoth and Danny make a contract grounded on the erroneous belief that a particular debt is barred by the Indian law of Limitation; the contract is not voidable.