In general a contract induced by misrepresentation is valid until disaffirmed, not invalid ab initio, that is to say it is voidable, not void1. The consequences of this rule are of importance in relation both to the conditions of relief2, and also to some of the affirmative defences which may be set up by the representor3.
There is one exception, apparent rather than real, to the rule. When the misrepresentation relates to the essential nature of the contract which the representee
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This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of mistake on the contract and
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This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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