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A Mutual Mistake of Fact Has No Effect on the Enforceability

question 53

True/False

A mutual mistake of fact has no effect on the enforceability of a contract.


Definitions:

Annual General Meeting

A mandatory yearly gathering of a company's interested shareholders to discuss company affairs.

Nominees

Individuals appointed or proposed to act on behalf of others in specific roles or to fulfill certain duties.

Cumulative Voting

A voting system used in elections of directors of some companies, allowing shareholders to allocate their votes in any manner they choose among the candidates.

Shares Voting

The process by which shareholders vote on company decisions and board member elections based on the number of shares they hold.

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