Business File 4
Q 2 Who is Person Of Unsound Mind Explain The position of Agreement With person of Unsound mind ?2fact.—WhereSection 20 in The Indian Contract Act, 1872
20. Agreement void where both parties are under mistake as to matter of fact.—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. Explanation.—An erroneous opinion as to the value of the thing which forms the subject-matter of the agreement, is not to be deemed a mistake as to a matter of fact. Illustrations
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