A Bilateral Mistake Occurs If One Party to a Contract

question 40

True/False

A bilateral mistake occurs if one party to a contract is mistaken about a material fact and the other party knew or should have known that a mistake was made.

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Definitions:

Online Training

The practice of delivering educational materials and programs through the internet, allowing learners to acquire new skills or knowledge at their own pace and convenience.

Consistent Presentations

The practice of delivering information or branding in a uniform manner across various platforms and mediums to ensure recognizability and reliability.

Employee Recruitment

The process of identifying, attracting, interviewing, selecting, and hiring employees within an organization.

Performance Evaluation

The formal assessment and review of an individual's or group's job performance, usually by supervisors.