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contract law?

I need someone to explain to me contract law:

1.Mistake as to the possibility of performance

2. Mistake as to identity of a party

3. mistake as to subject matter

4. unilateral mistake

5. bilateral mistake

I need to be very detailed regarding these topics. I need to know

1.do all mistakes listed render the contract void and thereby unenforceable?

2. are there remedies to these mistakes?

thanks

1 Answer

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  • 1 decade ago
    Favorite Answer

    1. mistake as to the possibility of performance is either unilateral/bilateral mistake or fustration, impossibility, impractability.

    2. Mistake as to the i.d. of the party can be either scribiner's mistake or misrepresentation.

    3. mistake as to subject matter is when the parties did not have the same idea as what the were contracting for.

    4. the same as 3, when the parties for something that neither gets.

    5. when one part does not get what they bargin for do to a misunderstanding.

    This is all a lot more complex but you get it basic idea

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