Asked by Samuella Agyemang on May 22, 2024
Verified
Which of the following is a ground for avoidance of a contract based on a unilateral mistake?
A) Both parties are mistaken about a fact.
B) The nonmistaken party caused the mistake.
C) The mistaken party had reason to know of the mistake.
D) Person affected by the mistake does not bear the risk for it.
Unilateral Mistake
A situation in contract law where only one party is mistaken about a basic assumption on which a contract is made, which can impact the enforceability of the contract.
Mistake
An incorrect belief or understanding regarding a fact, judgment, or event that can affect the validity of a contract.
Avoidance
The legal process or action taken to nullify or declare a transaction void, preventing its enforcement.
- Understand the criteria and circumstances that allow for the rescission of a contract based on misrepresentation.
Verified Answer
Learning Objectives
- Understand the criteria and circumstances that allow for the rescission of a contract based on misrepresentation.
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