The most fundamental mistake that radically changes the nature of the bargain of the parties is a mistake about the existence of the subject matter of the contract.

Question

Quizplus · Accepted Answer

If the subject matter of the contract does not exist, then it is impossible to fulfill the terms of the contract, which fundamentally changes the nature of the bargain. This is known as a mistake as to the existence of the subject matter, and can render the contract void.

The Most Fundamental Mistake That Radically Changes the Nature of the Bargain