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David T. Wade & Co Scunthorpe 01724 897 460 ā˜ David T. Wade & Co Nottingham 0115 778 6460 šŸ“± David T. Wade Direct- 07850 485 727

Mistake

 

A mistake in contract law is an erroneous belief held by one or both parties to a contract at the time of its formation. A mistake may arise as to the:

subject matter or terms of the contract,

identity of the other party,

nature of the transaction.

The doctrine of mistake should not be confused with the law of misrepresentation where a party is induced to enter into a contract on the basis of a misrepresentation, whether innocent, negligent or fraudulent.

There are three types ofĀ mistakeĀ of fact:

common mistake – both parties make the sameĀ mistake

mutual mistake – each party makes a differentĀ mistake, and

unilateral mistake – only one party makes the mistake and the other party is aware of the mistake

 

 

Please feel free to contact usĀ and arrange a free consultation, I can then see if I and the team are able to help.

 

David has an LL.B (Hons) degree in law. He was voted one of the UK’s most influential aspiring lawyers. He was also directly involved in the protection of workers’ rights as respected Union Rep for Usdaw, and he is the Non-Executive Legal Director for the Humber Taxi Association.

Examples of Mistake

Example of mistake

Mr Day is talking with Mr Night regarding a “mustang” for sale for Ā£15,000. They both assume the I.D of the mustang. Mr Day agrees to buy the mustang. However Mr. Day upon delivery is shocked because he believed the mustang was a car. But Mr Night was selling a horse. There has been a mistake as to the subject matter of the contract.

6 + 4 =

Here when you need me.

We're a small business with a passion for helping people overcome difficult and stressful times in their life. If I or the team canā€™t help you we will be honest and always act with integrity. We're not here to judge, We're here to offer a helping hand when it comes to your legal matters. Offload that burden and letā€™s see if we can work together to resolve your issues.

 

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