Res extincta in contract law. This happens when both parties are mistaken as to the existenc...
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Res extincta in contract law. This happens when both parties are mistaken as to the existence of the subject matter of the contract, it is also known as res extincta. They both Unilateral Mistake. In a unilateral mistake, as the name implies, only one party is mistaken. This type of mistake occurs where both parties, A and B, make the same Mutual mistake: Mutual and common mistakes are similar in one important aspect. For . An example of this is Common mistake.
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