A Mistake in Contract Law Can Lead to a Reversal

question 38

Multiple Choice

A mistake in contract law can lead to a reversal of a contract if

• A) it is in regard to a minor characteristic of the subject matter.
• B) it causes the mistaken party to believe that the subject matter is fundamentally different from what it truly is.
• C) it is in regard to a major characteristic of the subject matter.
• D) A & B
• E) B & C

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Definitions:

Ambiguous Ethical Issues

Ethical dilemmas that lack clear resolution due to conflicting principles, values, or circumstances, making the “right” course of action uncertain.

Developmental Goals

Objectives set for the purpose of personal growth, skill enhancement, or professional development.

Work-related Goals

Objectives or targets set by individuals or organizations that relate to professional development, performance, and achievements within a work context.

Fundamental Competencies

Basic essential skills or abilities required for effective performance in a job or activity.