Under Which of the Following Circumstances Can the Mistaken Party

question 3

Multiple Choice

Under which of the following circumstances can the mistaken party rescind a contract when there is a unilateral mistake?

• A) The mistaken party first held the mistaken belief prior to entering into the contract.
• B) The mistaken belief is one that a reasonable person would have.
• C) The nonmistaken party was aware of the mistaken party's belief.
• D) The mistake has a material effect on the value of the contract.
• E) The mistake did not become known until after the formation of the contract.

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Definitions:

Class Vector

A dynamic array class in the C++ Standard Template Library that allows elements to be accessed using an index.

RemoveElementAt

A method/function in certain programming languages or libraries that removes an element from a specific position in a list or array.

Package

A namespace that organizes classes and interfaces by functionality or modules, often used to ensure code modularity and reusable software components.

Java.util

A package in the Java programming language that contains collections of utility classes, including data structures, date and time facilities, and random number generators.