Asked by
Araceli Mingura
on Nov 27, 2024
Verified
Analytics LLC processes misinterpreted data furnished by Botch Services to propose a marketing plan for Clientele Inc. Analytics and Clientele are both ignorant of the mistaken data. Their contract can be rescinded on the basis of
A) a bilateral mistake.
B) a mistake of quality.
C) a unilateral mistake.
D) none of the choices.
Bilateral Mistake
A misunderstanding where both parties to a contract have incorrect beliefs about an important fact or agreement term.
Misinterpreted Data
Incorrectly understood or analyzed information, leading to potentially erroneous conclusions or actions.
- Outline the circumstances that justify the abrogation of a contract on account of errors.
- Discriminate between one-sided and two-sided errors and their influence on the validity of contracts.
Verified Answer
SR
Learning Objectives
- Outline the circumstances that justify the abrogation of a contract on account of errors.
- Discriminate between one-sided and two-sided errors and their influence on the validity of contracts.