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Common Mistake and Agreement Mistake - Coggle Diagram
Common Mistake and Agreement Mistake
Vitiating Factors
Mistake
Misrepresentation
Duress
Illegality and Public Policy
Undue influence and unconscionability
Before or at the time the contract is made (contract formation) there was:
Makes contract void or voidable
Common Mistake
Existence of subject matter
Identity of the subject matter
Possibility of performing the contract
Quality
Types
Equity
Possibility of performing the contract
Agreement Mistake
Mutual
Unilateral