Which of the following would ordinarily be a basis for making a contract void for mutual mistake?
A) Market conditions
B) Genuineness of the source of the subject matter of the contract
C) The financial situation of the parties
D) All of these.

Question

Quizplus · Accepted Answer

A contract may be void for mutual mistake if the mistake relates to a fundamental aspect of the subject matter of the contract, such as its identity or existence. The genuineness of the source of the subject matter falls under this category, but market conditions or the financial situation of the parties do not necessarily affect the fundamental nature of the subject matter of the contract.

Which of the Following Would Ordinarily Be a Basis for Making