The Term for When Both Parties Are Mistaken About the Same

question 39

Multiple Choice

The term for when both parties are mistaken about the same fact to a contract is called?

• A) Mutual mistake
• B) Mutual duress
• C) Unilateral mistake
• D) Unilateral duress

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Definitions:

Market Value

The current value of an asset or company based on the price that a buyer is willing to pay in the market.

Liquidating Dividend

A type of dividend payment made by a corporation using its capital base rather than earnings, typically during partial or full liquidation.

Dividend Policy

A strategy a company uses to decide how much it will pay out to shareholders in dividends.

Alternate Dividend Policy

A strategy employed by a company to distribute earnings to shareholders through dividends that may vary in amount and frequency depending on the company's earnings, investment opportunities, and capital needs.