Asked by Rebecca Dooley on Apr 26, 2024
Verified
For a mutual mistake to interfere with legal consent,it must involve a ________ effect on the agreement.
A) conditional
B) material
C) tertiary
D) criminal
E) statutory
Material Effect
A significant impact or change on a company's operations, financial condition, or future prospects.
- Explore the ramifications of mutual and individual errors in contracts.
Verified Answer
SG
Skreeechis GamingApr 28, 2024
Final Answer :
B
Explanation :
For a mutual mistake to interfere with legal consent,it must involve a material (i.e.,important in the context of the particular contract)effect on the agreement.A court will not void a contract for a non-material,mutual mistake.
Learning Objectives
- Explore the ramifications of mutual and individual errors in contracts.