Question: Multiple Choice Question Identify an accurate statement about a mistake made by parties involved in a contractual agreement. Multiple choice question. If only one party
Multiple Choice Question
Identify an accurate statement about a mistake made by parties involved in a contractual agreement.
Multiple choice question.
If only one party is mistaken about the contract, plenty of remedies are available.
The contract becomes voidable when parties misconstrue only the value of their transaction.
Rescission by either party is not apt if there has been a mutual mistake as to a material fact relating to the contract.
The contract is made voidable if the mistake is one of fact as opposed to value.
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