Asked by
Kaden Somerville
on Dec 14, 2024
Verified
Parties may cancel a contract due to a _____mistake.
A) mutual
B) single
C) factual
D) material
Mutual Mistake
Mistake as to the same material fact on the part of both parties to a contract. In this situation, either party can cancel the contract.
- Recognize the impact of mutual and material mistakes on the validity of contracts.
Verified Answer
AM
Learning Objectives
- Recognize the impact of mutual and material mistakes on the validity of contracts.