A Party to a Contract May Be Able to Avoid

question 56

Multiple Choice

A party to a contract may be able to avoid the contract if:

• A) there is a mutual mistake,and the party undertook to bear the risk by conscious allocation.
• B) there is a unilateral mistake,and the party undertook to bear the risk by conscious ignorance.
• C) there was a mistake and the mistaken party was at fault in not discovering the problem before making the contract.
• D) None of these.

---

Definitions:

Market Penetration

An assessment of how much a product or service is sold or used, in comparison to the full theoretical scope of the market for it.

Frozen Dessert Line

A category of cold, sweet products including ice cream, frozen yogurt, and sorbet, often part of a company's product offerings.

Ethnic Desserts

Traditional sweets and treats that originate from a specific culture or ethnicity, offering a taste of cultural heritage.

Target Markets

Groups of customers within the broader marketplace that a business has decided to aim its marketing strategies and merchandise towards.