Contractual mistake: Difference between revisions
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*[[Mistake of law]] | *[[Mistake of law]] | ||
*[[Mistake of fact]] | *[[Mistake of fact]] | ||
One thing to be clear: if you make an error what you agree with your counterparty, but your counterparty understands it and agrees it — that’s not a [[contractual mistake]] in a legal sense. It's just your screw up, and you’re stuck with it, barring the good graces of a beneign counterparty who might deign to let you out. You did a bad trade, hotshot. | |||
{{seealso}} | |||
*{{isdaprov|Confirmations}} | |||
Revision as of 14:14, 13 March 2019
An area of contract law beloved of university professors and their students.
One thing to be clear: if you make an error what you agree with your counterparty, but your counterparty understands it and agrees it — that’s not a contractual mistake in a legal sense. It's just your screw up, and you’re stuck with it, barring the good graces of a beneign counterparty who might deign to let you out. You did a bad trade, hotshot.