KB v ZA [2024] NZDT 524 (16 July 2024) [pdf, 101 KB]
...CI0301_CIV_DCDT_Order Page 2 of 4 11. The principles that apply to mistake are as follows:3 a. The mistake must have resulted in a substantially unequal exchange of values. b. The mistake must be as to the essential nature of the subject matter of the contract. c. Both parties must have mistakenly accepted in their minds the existence of some fact which affects, to a material degree, the value contributed by one of the parties. 12. In this instance, both KB and ZA entered i...