Where there is a common mistake,both parties are mistaken about a fact that is:

Question

Quizplus · Accepted Answer

A common mistake that affects the essential part of the contract is when both parties are mistaken about a fact that is necessary for the contract to be valid. It means that the contract cannot be enforced because both parties were unaware of a key element required for the agreement to be legally binding. This mistake is different from mistakes based on opinions, knowledge, or information that is uncertain or variable.

Where There Is a Common Mistake,both Parties Are Mistaken About