Asked by
Shelby Shelton
on Nov 21, 2024
Verified
Kellen and Thomas are mistaken as to the facts surrounding their contract. What is absent when a mistake of fact occurs?
A) Legal analysis
B) Mutual understanding
C) Joint participation
D) Contractual concurrence
E) Legal assent
Mistake Of Fact
A misunderstanding of a fact that is material to a contract, which can render the agreement voidable if the mistake is mutual between both parties.
Legal Assent
The agreement or consent to the terms of a contract, recognizing that all parties understand and accept the conditions as legally binding.
- Learn about the underpinnings and outcomes of errors made by one or both parties in contract law.
- Examine the legal and ethical considerations in scenarios involving undue influence, duress, and economic pressures.
Verified Answer
DJ
Learning Objectives
- Learn about the underpinnings and outcomes of errors made by one or both parties in contract law.
- Examine the legal and ethical considerations in scenarios involving undue influence, duress, and economic pressures.
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