When there is a mutual mistake of value,the contract remains enforceable by either party because the identity of the subject matter of the contract is not at issue.

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In a mutual mistake of value, both parties are mistaken about the value of the subject matter, but not about its identity. This means that the contract remains enforceable by either party because the mistake does not go to the heart of the agreement.

When There Is a Mutual Mistake of Value,the Contract Remains