Elaboration on the concept of Mistake Under Indian Contract Act
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Struggling to keep your contract defenses straight for the Bar Exam? ⚖️ Let’s break down the difference between Mistake and Misunderstanding because the examiners love to trip you up here! 📜 A Mutual Mistake occurs when both parties are wrong about a basic assumption of the contract that has a material effect on the deal. Think of two people trading a stone they both believe is a diamond, only to find out it is quartz. 💎 Since the mistake goes to the heart of the agreement, the adversely affec
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