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This presentation discusses situations where courts may refuse to enforce contracts despite meeting basic elements like offer, acceptance, and consideration. It highlights the "three Ms": mistake, misunderstanding, and misrepresentation. Mistake can serve as a defense against contract enforcement if at least one party holds a false belief regarding significant contract terms. This refers to erroneous beliefs that led to entering agreements, not mistakes related to the execution process. For instance, if a party mistakenly thinks they are signing a credit card receipt, this defense is not applicable. Mistakes can be mutual (both parties share the same false assumption) or unilateral (only one party is mistaken).
