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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?

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? Correct Answer Both 1 and 2

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?
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:
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.  
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?
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?
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.
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:
A contract in which the consent of one of the parties is obtained by coercion, undue influence, misrepresentation or fraud till the aggrieved party complains can be called:
Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?
A married male can adopt:
(1) Only with his wife's consent
(2) Only with his wife's consent, when she is living with him
(3) If he has more than one wife, consent of all the wives is necessary
(4) If marriage is void, the wife's consent is not necessary
(5) In the case of voidable marriage, the Wife's consent is necessary