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The Contractual Mistakes Act 1977 was an Act of Parliament in New Zealand that codified into law the remedies for mistake previously available under common law. It was repealed by the Contract and Commercial Law Act 2017.
A bench of five of the Court Appeal ruled that the Contractual Mistakes Act 1977 requires that Tristar had actual knowledge of the mistake at the time, and not merely "ought to of known" of the mistake as was the old common law standard. Henry J stated "It may of course be proper for the Court to infer actual knowledge from proved circumstances ...
King v Wilkinson Court High Court of New Zealand Full case name King v Wilkinson Decided 1994 Citation (1994) 2 NZConvC 191,828 King v Wilkinson (1994) 2 NZConvC 191,828 is a cited case in New Zealand regarding where a mistake is known to one party (often referred to as a unilateral mistake) when a contract is formed, under section 6(1)(a)(i) of the Contractual Mistakes Act 1977. Background ...
The court ruled that Shotter was liable for the full $100,000 due to the fact that the mistake was due to his mistaken interpretation of the extent of the guarantee, that the court was barred from granting any relief under s6(2)a of the Contractual Mistakes Act 1977.
Hence the contract is voidable. Collateral mistakes will not afford the right of rescission. A collateral mistake is one that "does not go to the heart" of the contract. For a mutual mistake to render a contract void, then the item the parties are mistaken about must be material (emphasis added). When there is a material mistake about a ...
Ware v Johnson [1984] 2 NZLR 518 is a cited case in New Zealand regarding where both parties entering into a contract make the same mistake (often referred to as a common mistake) when a contract is formed, under section 6(1)(a)(ii) of the Contractual Mistakes Act 1977. [1] [2] [3]
It was mildly amended by the Unfair Contract Terms Act 1977 and in 2012, but it escaped the attention of the consolidating Consumer Rights Act 2015). Prior to the Misrepresentation Act 1967, the common law deemed that there were two categories of misrepresentation: fraudulent and innocent.
Unfair terms in English contract law are regulated under three major pieces of legislation, compliance with which is enforced by the Competition and Markets Authority (CMA). The Unfair Contract Terms Act 1977 is the first main Act, which covers some contracts that have exclusion and limitation clauses. For example, it will not extend to cover ...