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When both parties to a contract are mistaken about the same material fact, the contract cannot be rescinded.

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Definitions:

Psychological Processes

Internal mechanisms and operations of the mind that underlie functions such as thought, emotion, and behavior, shaping human experience and actions.

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgement, and memory.

Natural Selection

The process whereby organisms better adapted to their environment tend to survive and produce more offspring.

Biologists

Scientists who study living organisms and their relationship to the environment, including their structure, function, growth, and evolution.