A Contract Entered into by Reason of a Mistake as to Identity

question 8

Essay

A contract entered into by reason of a mistake as to identity of a third party usually has an element of fraud.Explain.

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Definitions:

Validation Rule

In a database, generally defined as part of the data dictionary and specified in the field properties for each field; violations result in an error message and a suggested action.

Employee's ID Number

A unique identifier assigned to each employee within an organization for the purpose of identification and record-keeping.

Company Position

A specific role or job within a company, defined by a set of responsibilities, duties, and possibly a rank within the organizational hierarchy.

Database

An organized collection of structured information, or data, typically stored electronically in a computer system.