Jane and Phil Enter into a Contract,but Make a Bilateral

question 48

Multiple Choice

Jane and Phil enter into a contract,but make a bilateral mistake.For the contract to be rescinded by either party,the bilateral mistake must be about

• A)amaterial fact.
• B)value.
• C)anopinion.
• D)aprediction.

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Definitions:

Marketable

Refers to the ability of a product or service to be desired or bought by consumers due to its value, quality, or some other desirable attribute.

Differentiable

Having distinguishing characteristics that allow a product, service, or brand to stand out from its competitors.

Accessible

The quality of being easily reached, entered, used, or understood by people, including those with disabilities.

Repositioning

The act of reestablishing a product’s position in response to changes in the marketplace.