Asked by
DeShawn McNair
on Nov 27, 2024
Verified
A contract that includes a bilateral mistake may be rescinded if the mistake involves
A) a material fact.
B) any fact.
C) an opinion.
D) none of the choices.
Bilateral Mistake
An error mutually made by two parties in a contract, potentially rendering the agreement invalid.
Material Fact
Any fact that is significant or essential to the matter at hand, which, if omitted or misrepresented, could influence a decision or outcome.
- Specify the conditions under which a contract is subject to rescindment because of mistakes.
- Recognize the differences between mistakes made by one party and those made by both parties, and how these affect contract enforcement.
Verified Answer
AF
Learning Objectives
- Specify the conditions under which a contract is subject to rescindment because of mistakes.
- Recognize the differences between mistakes made by one party and those made by both parties, and how these affect contract enforcement.