What Is the Difference Between a Unilateral Mistake and a Mutual

question 37

Essay

What is the difference between a unilateral mistake and a mutual mistake? Under what circumstances will a court refuse to rescind a contract based on the defense of a "mistake"?

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Definitions:

Regents Of The University Of California V. Bakke

A landmark 1978 Supreme Court case that ruled against rigid racial quotas but allowed race to be considered as one of several factors in college admissions.

Affirmative Action

Policies and procedures designed to combat historical discrimination by providing preferential treatment to underrepresented groups in education, employment, and other areas.

Quotas

Preset limits or targets for the amount of goods or people allowed, often used in international trade or immigration policies.