A(n)_____ Is One Where Both Parties Involved in a Contract

question 9

Multiple Choice

A(n) _____ is one where both parties involved in a contract are under a mistaken belief about a material fact.

• A) state of duress
• B) state of undue influence
• C) mutual mistake
• D) unilateral mistake

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Definitions:

Canadian Dollars

The official currency of Canada, often symbolized as CAD or $, used in financial transactions within and outside of Canada.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Ginger Ale

A fizzy beverage seasoned with ginger flavor.

Fruit Juice

A beverage made from the extraction or pressing of the natural liquid contained in fruit.