How does a mistake of fact affect the validity of a contract?

Show Answers

It renders the contract cancellableIt does not render the contract cancellableIt invalidates the contract entirelyNone of the aboveNot applicable

Explanation

A mistake of fact does not automatically make a contract voidable. For a contract to be voidable due to a mistake, the error must be material and affect the consent of the parties involved. Simply having a mistake of fact does not invalidate or void the contract by itself.