Examlex
To avoid confusing brand loyal customers, Ford presented the X-trainer as a "sport wagon." With respect to ways of conveying a brand's category membership, which of the following did Ford use with its new product?
Mutual Mistake
A situation in a contract where all parties involved have a shared misunderstanding regarding a fundamental fact or aspect of the agreement.
Unilateral Mistake
A mistake made by only one party in a contract, which may not always void the contract.
Legal Consent
Involves the agreement or permission given by a person who is of legal age and has the mental capacity to make an informed decision.
Mutual Mistake
A situation in contract law where all parties involved have a mistaken understanding of one or more material facts relevant to the contract.
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