When a Party to a Contract Makes a Unilateral Mistake,the

question 44

Multiple Choice

When a party to a contract makes a unilateral mistake,the contract:

• A) generally can be rescinded by the mistaken party.
• B) is void.
• C) can be rescinded by either party.
• D) generally cannot be rescinded by the mistaken party unless the contract is unconscionable or it is proven that the nonmistaken party knew of the error.

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Net Income

The sum of income remaining after subtracting all costs and taxes from the total revenue.

Tax Returns

Documents filed with the government detailing income earned, tax payable, and other financial information, used to assess tax liabilities.

OAS Benefits

Monthly payments provided by the government to eligible individuals who are 65 years of age or older, as part of the Old Age Security program in Canada.

Population Density

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