Why Is It Important to Distinguish Between Unilateral and Mutual

question 33

Multiple Choice

Why is it important to distinguish between unilateral and mutual mistakes?

• A) Because it determines which contracts are considered fraudulent.
• B) Because it determines which contracts are voidable.
• C) Because it determines which contracts lack consideration.
• D) Because it determines how much may be awarded in damages under a contract.
• E) Because it determines whether punitive damages may be awarded.

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Definitions:

Deductive Reasoning

A reasoning method where a conclusion is drawn from the agreement of several premises, which are typically believed to be true.

Personal Fable

An aspect of adolescent egocentrism characterized by an adolescent’s belief that their thoughts, feelings, and experiences are unique, more wonderful, or more awful than anyone else’s.

Adolescent Egocentrism

A characteristic of teenage thinking leading to an increased self-consciousness, where adolescents believe they are the focus of everyone else's attention.

Deductive Thinking

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.