Q.
Explain four (4) circumstances that may impair the validity of a contract.
(20 marks, 2016 Q1)
A.
Similar question was asked in
2013 Q8
2016 Q1 (This question)
MIA QE 2012/3 Q1 (b) (iv)
Common and Mutual Mistake
In a nutshell, the 4 circumstances are:
1. Coercion
2. Fraud
3. Misrepresentation
4. Undue influence
Because in the above conditions there is no free consent, thus the contract is voidable.
Ref:
Earlier posts.