Principle: Where both parties to an agreement are under a mistake as to matter of fact essential to the agreement, the agreement is void. Factual Situation: A had a piece of land. He believed that the value of the land was 1,000 per square foot. B knew that the value of the land was in fact 1,500 per square foot. However, he did not inform A and purchased the land at 1,000. (NLU DELHI 2010)

🎲 Try a Random Question  |  Total Questions in Quiz: 2184  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Legal Awareness And Legal Reasoning Question for Law Entrance Exams — practice the complete quiz, review flashcards, or try a random question.

2150+ Legal Awareness And Legal Reasoning Questions.

The Legal Aptitude or Legal Reasoning section in law entrance exams that holds maximum weightage and demands candidates to possess good knowledge of fundamentals. This section is used to test your legal awareness, analytical skills and problem-solving ability.
 


Principle: Where both parties to an agreement are under a mistake as to matter of fact essential to the agreement, the agreement is void. Factual Situation: A had a piece of land. He believed that the value of the land was 1,000 per square foot. B knew that the value of the land was in fact 1,500 per square foot. However, he did not inform A and purchased the land at 1,000. (NLU DELHI 2010)






ADVERTISEMENT