Legal Principle: Where both parties to an agreement are under a mistake as to matter of fact essential to the agreement, the agreement is void.
Factual Situation: There is an agreement between A and B for the purchase of a certain horse. But the horse is dead at the time of the contract.
Issue: What is the nature of contract?
A
The contract is valid and enforceable in the court of law.
D
The contract is voidable.
Correct option is B. The contract is void.