An Agreement Is Not Binding When

question 19

Multiple Choice

An agreement is not binding when:

• A) one party makes a mistake regarding a material fact but the mistake is unknown to the other contracting party.
• B) both parties make a mistake regarding a material fact.
• C) one party makes a mistake of law.
• D) both parties make a mistake in judgment.

Recognize and correct agreement issues in sentences.

Apply effective transitions to show connections between points.

Avoid language that perpetuates gender stereotypes.

Identify the instructions and symbols indicating the need to review or change elements in a document.

---

Definitions:

Industry

A sector of the economy that is made up of manufacturing, production, and services in a particular field or type of product.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary depending on income level, type of income, or other factors.

Monetary Policy

The process by which a central bank or monetary authority manages money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

Deregulation

Deregulation is the process of removing or reducing government restrictions and regulations in industries to encourage more competition and efficiency.