An Ambiguity in a Contract May Constitute a Mutual Mistake

question 81

True/False

An ambiguity in a contract may constitute a mutual mistake of a material fact.

Understand the impact of employing part-time workers on labor costs.

Learn about replacement charts and their usage in succession planning.

Differentiate between Markov analysis and other business tools.

Understand the purpose and process of severance pay.

---

Definitions:

Secured

A status indicating that a loan or credit has collateral attached to it, ensuring the lender's investment is protected.

Separate Legal Entity

The principle that a corporation exists separately from the people who created it.

Unanimous Shareholders' Agreement

An agreement among all shareholders of a corporation, often detailing the management, control, and direction of the corporation's affairs.

No Restrictions

A condition or status where there are no limitations, constraints, or regulations imposed on actions or activities.