When one of the parties is under a mistake as to a matter of fact essential to the agreement, it is called

Related MCQs

• Agreement caused by a bilateral mistake of fact is-
• A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as
• _________ indicates that the parties are not further bound under the contract
• An agreement whereby one party assists another in recovering money or property and in turn share in the proceeds of the action is called
• Prohibition of entering into anti-competitive agreement comes under
• A contract entered into between the parties by words is called-
• X contracts to sell his scooter to Y for Rs. 50,000 and Y agrees to pay on delivery. Both the parties perform their promises. This is called
• When the parties mutually agree to change certain terms of the contract. This is called
• Where a contract has to be inferred from the conduct of parties, it is called
• Where the obligation in a contract is outstanding on the part of both parties, it is called