内容课件完整文稿claw50016,7.pptVIP

FACTORS AFFECTING THE CONTRACT  Chapter 7 TEXT MISTAKE: Ks are binding unless a particular category of mistake has occurred: mistake of fact, law. [if errors of judgment: A purchases a painting assuming it is worth $100 and it is not - K is still binding – bad luck!!] Common mistake as to a fact – K is void (no effect) Both parties make the same mistake: existence of the subject matter of the K – purchase of a car (that has been destroyed) See Sale of Goods Act, s11 Mistake as to quality of the subject matter of the K does not void the K. Leaf v International Galleries [1950] 2 KB