Multiple choice

An agreement induced by mistake of fact is void if the following conditions are fulfilled

  1. both the parties must be under the same mistake

  2. the mistake must be as to some fact

  3. the fact must be essential to the agreement

  4. all of the above
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D Correct answer
Explanation

An agreement induced by mutual mistake of fact is voidable if both parties share the same mistake about a material fact essential to the agreement. All three conditions - same mistake, mistake of fact, and essential fact - must be met for the agreement to be void.

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