If an Unilateral Mistake Regarding Price Results Arise from Misunderstanding

question 18

True/False

If an unilateral mistake regarding price results arise from misunderstanding an oral quotation of the price, the contract is invalid.

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Definitions:

Intentionally Inflicting

The deliberate act of causing harm or damage to someone or something.

Bystander Effect

An occurrence within social psychology where individuals become hesitant to help someone in distress if there are other witnesses present.

Assumed

Something that is taken for granted or accepted as true without proof or demonstration.

Diffusion Of Responsibility

The feeling among bystanders at an emergency that the responsibility for helping is shared by the group, making each person feel less compelled to act than if he or she alone bore the total responsibility.