The 'Mutual Mistake' Concept Is Best Described by Which of the Following

question 38

Multiple Choice

The 'mutual mistake' concept is best described by which of the following scenarios?

• A)Both parties have made the same mistake about the existence or identity of the subject matter of the contract.
• B)Both parties are mistaken about a material fact that is important to the subject matter of the contract.
• C)One of the parties is mistaken about a material fact regarding the subject matter of the contract,and the other party takes advantage of this mistake.
• D)One of the parties is mistaken as to the nature of the document which they have signed.

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Definitions:

National Association of Manufacturers

A leading industrial trade association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states.

Workplace Diversity

Refers to an inclusive work environment that embraces individual differences among employees, such as race, gender, age, religion, and other attributes.

Environmental Regulations

Laws and rules put in place by governments to protect the environment from harm caused by human activities.

Unethical Behavior

Actions or practices that violate moral or professional guidelines, often resulting in unfair or dishonest outcomes.