Under Common Law,if Both Parties to a Contract Are Mistaken

question 6

Multiple Choice

Under common law,if both parties to a contract are mistaken about the quality or value of the subject matter of the contract,the most likely result is that:

• A)the contract is void ab initio.
• B)there has been a mistake about the nature of the contract document.
• C)there has been a bilateral distortive mistake.
• D)the contract remains valid.

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Definitions:

Acceptable Name

A term used to describe a name that is officially recognized and conforms to the standards set by a governing body, such as in chemistry or taxonomy.

Compound

A chemical entity consisting of a combination of elements in a specific ratio, forming a substance with unique properties.

Acceptable Name

A name that meets the standard nomenclature rules set by IUPAC or other governing bodies, suitable for use in scientific contexts.

Acceptable Name

A term used to indicate a name for a chemical compound that is approved by a recognized authority, such as the International Union of Pure and Applied Chemistry (IUPAC).