In a commentary by the Waikato Law Review of New Zealand105, the writer explained that the
Contractual Mistakes Act of New Zealand 1977 stemmed from Parliamentary reports which had
reviewed the effects of mistakes on contracts, and found many deficiencies in the law. The
Report On The Effects Of Mistakes On Contracts 1976 by The Contracts and Commercial Law
Reform Committee106 in New Zealand outlined the controversies in contractual mistake which
needed legislative intervention to solve such issues. This Report outlined the objectives of the
proposed legislation of New Zealand which has now been implemented b