Where both parties to an agreement have shared the same fundamental mistake,how does the common law classify the situation in order to provide a remedy?

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Quizplus · Accepted Answer

In common law, when both parties to an agreement share the same fundamental mistake, it is classified as a "common mistake." This occurs when both parties are mistaken about a basic assumption on which the contract is made, and it can render the contract void.

Where Both Parties to an Agreement Have Shared the Same