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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:
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? Correct Answer 2 only

Related Questions

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?
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:
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:
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:
Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. Political parties that opposed simultaneous polls before the Law Commission mostly cited federalism, Constitution and impracticability for their opposition, but Goa Forward Party chose coconuts to drive home its point against the proposal of ‘One Nation, One Election'. II. The regional party that is part of the BJP-led Goa government cited coconut, its party symbol, to argue that regional issues will go unaddressed in the noise of simultaneous polls. Conclusions: I. To buttress its reasoning, Goa Forward Party representative cited the party's history and struggle in protesting against cutting down of coconut trees in Goa before it came to power with ally BJP in March 2017. II. The party had protested against the BJP government's decision to amend rules to simplify the procedure of cutting down coconut trees by removing it from the list of trees. III. The commission held talks with political parties on the proposal of simultaneous elections.
In a group of 450 students, 22% of the total students take the Hindi subject, 34% of the total students take the Physics subject, and 26% of the total students take the Social Science subject. 8% of the total students have taken both Hindi and Physics subject only. Out of the total students in the Hindi subject, 1/3 have taken both Hindi and Social Science subject only. Out of the total students in the Physics subject, 1/3 have taken both Physics and Social Science subject only. Only 20 students take all the three subjects. Find the number of students who have not taken any subject.  
Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): An agreement would be void if both the parties to the agreement were under a mistake as to a matter of fact not essential to the agreement.
Reason (R): Because Section 20 of the Indian Contract Act so provides.
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?