Unilateral Mistake Is a Mistake in Which Only One Party

question 68

True/False

Unilateral mistake is a mistake in which only one party is mistaken about a material fact regarding the subject matter of a contract.

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Definitions:

Growth Opportunities

Potential scenarios or projects that might result in an increase of value or expansion for a business.

Earnings Per Share

A financial metric that divides a company's profit available to shareholders by the outstanding shares, indicating the profitability on a per-share basis.

Required Rate Of Return

The minimum annual percentage of gain an investment must generate to be considered acceptable to an investor.

Non-Voting Common Stock

Shares that give the shareholder ownership rights in a company but do not grant voting power in corporate decisions.