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) Caveat (horse) Caveat (March, 16 1980 – February, 1995) was an American Thoroughbred racehorse. Bred in Maryland) by Ryehill Farm, he was sired by Kentucky Derby winner Cannonade out of The Axe II mare Cold Hearted. To date, Caveat is one of eleven Maryland-bred colts to win a Triple Crown race. Caveat was owned by the partnership of August Belmont IV, Robert Kirkham, and his breeder, James P. Ryan. He was conditioned for racing by U.S. Racing Hall of Fame trainer Woody Stephens. As a two-year-old, Caveat placed second in the Grade II Lane's End Breeders' Futurity Stakes with Eddie