Which of the Following Must a Mutual Mistake Involve in Order

question 25

Multiple Choice

Which of the following must a mutual mistake involve in order for a mutual mistake to interfere with legal consent?

• A) A basic assumption about the subject matter of the contract.
• B) A material effect on the agreement.
• C) A basic assumption about the subject matter of the contract and an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement, but not a material effect on the agreement.
• D) A basic assumption about the subject matter of the contract, an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement, and a material effect on the agreement.
• E) An admission by one of the parties that a misrepresentation occurred.

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