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Consider the following statements:
1. When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused.
2. Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void.
Which of the statements given above is/are correct?

Consider the following statements:
1. When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused.
2. Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void.
Which of the statements given above is/are correct? Correct Answer Both 1 and 2

Related Questions

Consider the following statements:
Consent obtained by mistake renders an agreement void if it is:
1. regarding value of the subject matter of the contract.
2. a mistake of fact by both the parties to the contract.
3. a mistake of law in force in India.
4. a mistake of foreign law by one party to the contract.
Which of the statements given above is/are correct?
Consider the following statements:
1. A contract formed by coercion and undue influence is vitiated and voidable at the option of the party whose consent is so obtained.
2. A contract formed, where both the parties are under mistaken notion about the existence of the subject matter, is void.
Which of the statements given above is/are correct?
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: Pictures can tell a story. Fact 2: All storybooks have pictures. Fact 3: Some storybooks have both words and pictures. If the first three statements are facts, which of the following statement/(s) must also be a fact? I. Pictures can tell a story better than words can. II. The stories in storybooks are very simple. III. Some storybooks have both words and pictures. Choose the correct answer from the options given below:
Which one of the following statements with regard to factors vitiating consent is correct?
(1) A person is deemed to be in a position to dominate the will of another where he stands in a fiduciary relation to the other
(2) Where a person who is in a position to dominate the will of another enters into a contract with him, the burden of proving that such consent was not induced by undue influence would always be upon the person in a position to dominate the will of the other
(3) Parents shall alwaysbe deemed to be in a position to dominate the will of their children
(4) Presumption of undue influence would always arise when parties are nearly related to each other
Select the correct answer using the given below:
Consider the following statements:
Contract can be avoided if the consent is obtained under:
1. Mistake of law
2. Mistake of fact
3. Coercion.
4. Undue influence
Which of the statements given above are correct?
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: Most stuffed toys are stuffed with beans. Fact 2: There are stuffed bears and stuffed tigers. Fact 3: Some chairs are stuffed with beans. If the fist three statements are facts, which of the following statement/(s) must also be a fact? I. Only children's chairs are stuffed with beans. II. All stuffed tigers are stuffed with beans. III. Stuffed monkeys are not stuffed with beans. Choose the correct answer from the options given below:
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: All chickens are birds. Fact 2: Some chickens are hens. Fact 3: Female birds lay eggs. If the first three statements are facts, which of the following statement/(s) must also be a fact? I. All birds lay eggs. II. Hens are birds. III. Some chickens are not hens. Choose the correct answer from the options given below: 
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: All hats have brims. Fact 2: There are black hats and blue hats. Fact 3: Baseball caps are hats. If the first three statements are facts, which of the following statement/(s) must also be a fact? I. All caps have brims. II. Some baseball caps are blue. III. Baseball caps have no brims. Choose the correct answer from the options given below:
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: Jessica has four children. Fact 2: Two of the children have blue eyes and two of the children have brown eyes. Fact 3: Half of the children are girls. If the fist three statements are facts, which of the following statement/(s) must also be a fact? I. At least one girl has blue eyes. II. Two of the children are boys. III. The boys have brown eyes. Choose the correct answer from the options given below:
A contract is said to be discharged by rescission: A. When terms of a contract are altered B. When a party makes novation of a contract C. When an aggrieved party exercises his option to avoid the contract D. When a party to a contract waives his rights under the contract E. Where none of the parties has performed its part for a long time and no other party has objected against it Choose the correct answer from the options given below: