This question should be answered in an IRAC format. Please include all relevant keywords, terms, and phrases when discussing each topic.
A woman and her friend enter into an agreement whereby the woman will buy from her a friend a pair of Christian Louboutin “Carnival Black” evening shoes for $840.00. Both parties believe the shoes are authentic Louboutins, when in fact it is an imitation that would usually sell for around $40.00.
What are the elements needed for a contract to be void because of a mutual mistake? Are they present here?