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Mistake | Contracts | Defenses & Excuses

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Law Simply Explained

Law Simply Explained

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In this lesson, we continue our march through the defenses to formation with a look at mistake. The defense of mistake applies when one or both of the parties to a contract believe something contrary to fact that goes to a basic assumption of the contract and has a material effect on the parties' agreed upon performances.
Chapters
00:00 - Introduction
00:31 - Learning Objectives
02:13 - Mutual Mistake
25:02 - Unilateral Mistake
41:58 - Conclusion/Outro

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