Mistake (contract law) void. Traditionally, Caveat Emptor (let the buyer beware), and under Common Law Caveat Venditor (let the seller beware). A contract might be voidable from unilateral mistake for any of the following: A mutual mistake occurs when the parties to a contract are both mistaken about the same "material" fact within their contract. They are at cross-purposes. There is a meeting of the minds, but the parties are mistaken. Hence the contract is voidable. "Collateral" mistakes will not afford the right of rescission. A collateral mistake is one that 'does not go to the heart' of the contract. For a mutual
Caveat (horse) Maple aboard. At age three, Caveat won the Prince John Stakes and came in second in the Arkansas Derby three weeks prior to the Derby. Woody Stephens felt like he needed a little tightening up, so he ran Caveat six days before the Derby and won the Derby Trial. Then in May, he placed third in the Kentucky Derby behind Sunny's Halo. Five weeks later, under jockey Laffit Pincay, Jr., he won the Belmont Stakes against a record field of 15 horses, straining a ligament in his right foreleg at the top of the stretch in the process. The injury