When Both Parties to a Contract Are Mistaken About the Same

question 9

True/False

When both parties to a contract are mistaken about the same material fact, the contract cannot be rescinded.

---

Definitions:

Group Control

The exercise of authority or influence by a person or group over the collective behavior in a group setting.

Idiosyncrasy Credits

The tolerance a person earns over time by conforming to group norms, allowing them more freedom to deviate from expectations without negative consequences.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Group Norms

Shared expectations and rules that guide the behavior of individuals within a group, influencing their actions and interactions.