One Situation in Which a Contract May Not Be Enforced

question 32

True/False

One situation in which a contract may not be enforced due to a unilateral mistake is when a party makes a unilateral mistake of fact and the other party either knew or should have known that a mistake was made.

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Definitions:

Industrial Fiber

Engineered fibers designed for use in manufacturing and industrial applications, often characterized by enhanced strength or durability.

Grinding Machines

Machinery designed for the purpose of grinding materials to finer textures and shapes.

Profitable Use

The application or allocation of resources in a manner that maximizes the financial returns or benefits.

Variable Cost

Expenses that fluctuate in direct proportion to the amount of production, including raw materials and direct labor costs.