Contract Rescission Cannot Be Based Upon a Unilateral Mistake

question 7

True/False

Contract rescission cannot be based upon a unilateral mistake.

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Definitions:

Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Risk

The potential for losing something of value or the uncertainty regarding the outcome of an investment or decision.

Investment Spending

The expenditure on physical assets like buildings, machinery, and equipment which is used to produce goods and services in the future.

Government Policy

Strategies or actions taken by a government to influence its economy or society, which may include laws, regulations, decisions, and actions.