Mutual Material Mistake Law and Legal Definition
Mutual Material Mistake as used in contract law is a defense used by one party to argue that a contract is not valid. In order to use the defense of mutual material mistake and to contest that formation of the contract was improper, a party must prove that, there was a mistake; that the mistake was material, meaning, that it must concern substantive characteristics of the subject of the contract; and the mistake was mutual.
Legal Definition list
Related Legal Terms
- Adverse Material Fact
- Airborne Radioactive Material
- American Society for Testing Material
- Antitrust Mutual Assistance Agreement
- Asbestos-Containing Waste Materials [National Emission Standard for Asbestos]
- Audio-Visual Materials
- Biomaterials Access Assurance Act
- Biomaterials Supplier
- Brady Material
- Breakpoint [Mutual Funds]
