Set Forth the Exceptions That Would Permit a Court to Invalidate

question 66

Essay

Set forth the exceptions that would permit a court to invalidate a contract on grounds of unilateral mistake.

---

Definitions:

Old Model

Refers to a product, system, or item that has been replaced or surpassed by newer versions or models.

Mutual Mistake

A situation where all parties to a contract have a shared misunderstanding about a fundamental fact of the agreement.

Material Effect

A significant impact or change to a business or financial situation, often requiring disclosure to stakeholders.

Agreement

An understanding or arrangement reached between two or more parties, either formally or informally.