A Unilateral Mistake of Fact Will Usually Enable a Party

question 26

True/False

A unilateral mistake of fact will usually enable a party to a contract to avoid it.

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Definitions:

Supply Chain Management

The oversight and management of the flow of goods and services, including all processes that transform raw materials into final products.

Sophisticated Information Technology

Advanced systems and tools that manage, process, and disseminate large volumes of data efficiently, supporting complex analysis and decisions.

Supply Chain Manager

A professional responsible for overseeing and managing the entire supply chain operations to ensure efficiency, cost-effectiveness, and timely delivery of goods or services.

Automobile Industry

A sector of the economy that encompasses a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles.