A Unilateral Mistake Occurs If Both Parties Know the Object

question 46

True/False

A unilateral mistake occurs if both parties know the object of the contract but are mistaken as to its value.

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Definitions:

Public Torture

The act of inflicting severe pain or suffering on a person, often in a public setting, as a form of punishment or to extract information or confessions.

Black Man

A term used to describe a male of African descent or African American heritage, often contextualized within discussions of race and social issues in society.

Woodrow Wilson

The 28th President of the United States (1913–1921), known for his role in leading the nation through World War I and advocating for the League of Nations.

Southern Born Democrat

Refers to a Democrat party member in the United States who originates from the Southern region, often associated with a specific set of political and social views.