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you are obliged to do due diligence?

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people should know what they signed up for

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If a mistake was made by the person making the contract and only identified once the contract was finalised they had plenty of time to identify the problems or mistakes within the contract and so the mistake is their own fault and so the contract should not be broken.

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Against: The integrity of contract law will be eroded if people are allowed to leave a contract because of a mistake. 

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Against: The integrity of contract law will be eroded if people are allowed to leave a contract because of a mistake. 

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A contract involves two people and so it is important to understand that the ending of a contract would affect both parties - why should one party be able to get out of a contract because of their own mistake when the other party are more than happy to continue with the contact. It would have a more negative or positive impact on a party depending on their stance with the contract ending

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For; some people may have been innocently mislead and were not well informed before agreeing with the contract

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People may be dissatisfied but call it a mistake for example with quality

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if there is a misunderstanding on the terms and conditions the condition of a contract being an acceptance of the offer is debatable as the 'offer' accepted may have been misunderstood

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Against: If it is at their fault, for example not asking thorough questions when agreeing to the contract or reading the fineprint  then they shouldn't  be allowed to get out of the contract as they are at fault

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Against: If it is at their fault, for example not asking thorough questions when agreeing to the contract or reading the fineprint  then they shouldn't  be allowed to get out of the contract as they are at fault

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For: However, people should but should sustain some form of financial penalty. 

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For: However, people should but should sustain some form of financial penalty. 

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Against; suggests to the public that they can opt out of signed contracts because they've simply made 'a mistake'. This could lead to people abusing they system and making false claims

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for = if they relied on the statement alone
against = if they formed an agrrement based on their own judgemnet after investigating themselves

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for: If people want to get out of the contract that they entered by mistake they should be allowed because it could go against what they think or the outcome they want or they might have misunderstood the information given to them when signing the contract.

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if it is a common mistake

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For: People may have been deceived, the information presented to them at the time of agreeing may have been a lie from the person proposing the contract

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For: People may have been deceived, the information presented to them at the time of agreeing may have been a lie from the person proposing the contract

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If the person hasn’t read the contract properly seeing all the terms and conditions/ their situation has drastically changed since they entered the contract, meaning they can’t uphold certain aspects of the contract up anymore such as payment.

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If the person hasn’t read the contract properly seeing all the terms and conditions/ their situation has drastically changed since they entered the contract, meaning they can’t uphold certain aspects of the contract up anymore such as payment.

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For : if contract is signed under duress