Which of the Following Is True

question 15

Multiple Choice

Which of the following is true?

• A) Courts allow rescission of a contract if there is a mutual mistake of value as opposed to a mutual mistake of fact.
• B) Courts allow rescission of a contract if there is a mutual mistake of fact as opposed to a mutual mistake of value.
• C) Courts allow rescission of a contract for either a mutual mistake of fact or a mutual mistake of value.
• D) Courts do not allow rescission of a contract for either a mutual mistake of fact or a mutual mistake of value.
• E) Courts never allow rescission of a contract unless fraud is shown.

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Definitions:

Intermediate Difficulty

Refers to tasks or challenges that are of a moderate level of complexity, neither too easy to solve without effort nor too difficult to be solved at all.

Sense of Accomplishment

The feeling of pride and fulfillment that comes from successfully completing a task or challenge.

Achievement Situation

A scenario in which an individual's ability or competence is measured, often invoking performance anxiety or motivation to succeed.

Incentive Value of Success

The motivational significance or attractiveness of achieving success in a particular endeavor.