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
The Bond Buyer "Bloomberg credits "The Bond Buyer" for reporting facts first, end of story: Moody's Asks Municipalities to Indemnify Firm on Ratings". Retrieved August 26, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 3rd paragraph: Build America Bond Subsidy Cost May Increase by $6 Billion, CBO Estimates". Retrieved August 20, 2010. ^ "Bloomberg credits "The Bond Buyer" for reporting facts first, 6th paragraph: New Jersey Seeks Adviser on Plan to Tap $1 Billion of Unspent Bond Funds". Retrieved August 10, 2010. The Bond Buyer The Bond Buyer is a century-old daily national trade newspaper based in New York City