Which of the Following Is True Regarding a Mistake of Judgment

question 33

Multiple Choice

Which of the following is true regarding a mistake of judgment?

• A) It is a valid defense to enforcement of a contract.
• B) It is not a valid defense to enforcement of a contract.
• C) Whether it is a valid defense to enforcement of a contract depends upon the substantiality of the mistake.
• D) Whether it is a defense to enforcement of a contract depends upon: (1) the substantiality of the mistake, (2) whether the risks were allocated, and (3) timing.

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Definitions:

Title Case

A capitalization style in which the first letters of all major words in a title are capitalized.

Borders

Boundaries or lines that define the edges of a country, territory, or area, often associated with regulatory or legal implications.

Rules

Established and authoritative principles or guidelines that govern behavior or the operation of systems or processes.

Arbitrary

Stemming from unpredictable preferences or spur-of-the-moment desires rather than through structured reasoning or organized principle.