Question: Which of the following elements can help one avoid the resulting contract when both parties to a contract are mistaken? ( Choose two correct answers.
Which of the following elements can help one avoid the resulting contract when both parties to a contract are mistaken? Choose two correct answers.
The nonmistaken party causes or has reason to know of the mistake.
The mistake has a material effect on the agreedupon exchange.
The party adversely affected by the mistake bears the risk of the mistake.
The mistake relates to a basic assumption on which the contract was made.
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