Contract Drafting & Law Course Preview
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<p class="banner-heading-text-two-line"><span>Mistakes With Respect to Quality of Subject-matter</span><br><span class="banner-sub-heading">Module I: Contract Law Essentials—Mistake</span></p>
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<p><span class="padded-dropcap">T</span>he following video discusses mutual mistakes in contract law, focusing on how differences in the perceived quality or value of the contract’s subject-matter can affect its validity. Using examples of buying a horse and a rare painting, it explains that contracts are usually binding if the buyer had a chance to inspect the item, even if the item’s quality or value differs from expectations. The video emphasises that a party is bound by the apparent terms of the agreement unless misled by the other party. It references <em><span class="c0">Smith </span><span class="c3">v.</span><span class="c0"> Hughes</span></em><sup class="c3"><a id="ftnt_ref1" href="#ftnt1">[1]</a></sup><span class="c1">, where a misunderstanding about the quality of oats did not void the contract, as both parties agreed on the sale of oats.</span></p>
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<p class="c6"><a id="ftnt1" href="#ftnt_ref1">[1]</a><span class="c2"> (1871) LR 6 QB 597.</span></p>
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<h1 style="display: none;">Video on Mistakes with respect to quality of subject-matter</h1>
<h3 class="hd hd-2">Mistakes with respect to quality of subject-matter</h3>
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