A Misunderstanding Concerning a Basic Assumption on Which a Contract

question 50

Multiple Choice

A misunderstanding concerning a basic assumption on which a contract is made will support the rescission of the deal if the mistake is

• A)bilateral.
• B)unilateral.
• C)lateral.
• D)any of the choices.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks and rewards of starting and running a new business venture or enterprise.

Outperform

To do better than others or exceed expectations in a specific activity, measure, or area of performance.

Entrepreneurial Mindset

A way of thinking that enables individuals to overcome challenges, learn from failures, and innovate in their pursuit of new opportunities.

Knowing Who

Understanding the key people within a network who can provide support, expertise, or resources that are instrumental for achieving goals or furthering an initiative.