Legal Definition and Related Resources of Unilateral Mistake

In relation to contracts, it means that one party to the contract was in error or mistaken belief as to one of the essential terms of the contract, such as the price or quantity or quality of the subject matter or the person with whom he was contracting, etc. While there is no fixed rule of law as to the effect of unilateral mistake, generally, where a party seeking to enforce a contract which he has entered into in good faith, and unaware of a mistake of a fact made by the other party, such lack of knowledge will as a rule operate to make the contract enforceable, notwithstanding the unilateral mistake. But where that error or mistake is known to the other party, then the court will intervene to restore the parties as far as possible to their original position.

Browse or run a search for Unilateral Mistake in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Unilateral Mistake in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Unilateral Mistake in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Unilateral Mistake in the Legal Abbreviations and Acronyms Dictionary.

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Concept of Unilateral Mistake in the context of Real Property

A short definition of Unilateral Mistake: A mistake made by one of the parties to the contract. Usually enforceable unless the other party knew or should have known of it (an obvious mistake).

Concept of Unilateral Mistake in the context of Real Property

A short definition of Unilateral Mistake: A mistake made by one of the parties to the contract. Usually enforceable unless the other party knew or should have known of it (an obvious mistake).