PVL3702
Assignment 1 Semester 1 2026
Unique number:
Due Date: April 2026
QUESTION 1 (3 ANSWERS PROVIDED)
In terms of the will theory, consensus requires that the parties seriously intend to contract,
be of one mind regarding the material terms, and be aware that their minds have met.1 If a
material mistake excludes consensus, the contract is void ab initio.
In this scenario, both parties contracted on the basis that the merx was a genuine diamond
ring. After conclusion of the agreement, it was discovered that the ring was not a diamond at
all, but an imitation made of inferior artificial materials. The critical issue is whether
Raymond’s mistake relates to the nature of the subject matter (error in corpore) or merely to
a characteristic of the thing (error in substantia).
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
Assignment 1 Semester 1 2026
Unique number:
Due Date: April 2026
QUESTION 1 (3 ANSWERS PROVIDED)
In terms of the will theory, consensus requires that the parties seriously intend to contract,
be of one mind regarding the material terms, and be aware that their minds have met.1 If a
material mistake excludes consensus, the contract is void ab initio.
In this scenario, both parties contracted on the basis that the merx was a genuine diamond
ring. After conclusion of the agreement, it was discovered that the ring was not a diamond at
all, but an imitation made of inferior artificial materials. The critical issue is whether
Raymond’s mistake relates to the nature of the subject matter (error in corpore) or merely to
a characteristic of the thing (error in substantia).
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
