In General, If There Is an Error in a Contract

question 124

Multiple Choice

In general, if there is an error in a contract and if the other party should have known of the error:

• A) the contract cannot be enforced to allow one party to profit from a simple error
• B) the contract will still be enforced so long as both parties had the chance to read the contract
• C) some states will still enforce the contract
• D) the state Supreme Court will have to decide if the contract should be enforced
• E) none of the other choices are correct

---

Definitions:

Equality

A condition of parity, particularly in matters of status, rights, and chances.

Economic Pie

A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.

Efficiency

Refers to the ability to achieve a desired result without wasting materials, time, or energy.

Equality

The circumstance in which all individuals possess identical opportunities, rights, and standing.