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
Steve Buyer Steve Buyer Stephen Earle Buyer ( ; born November 26, 1958) is the former U.S. Representative for , and previously the , serving from 1993 until 2011. In 2012, Buyer started working for R.J. Reynolds, promoting the use of smokeless tobacco. He is a member of the Republican Party. Buyer holds the rank of Colonel in the United States Army Reserve. On January 29, 2010, Buyer announced he would not seek a tenth term to the House to spend more time with his wife, who has an incurable autoimmune disease. In January 2011, Buyer became a lobbyist for McKesson Corp.