A Unilateral Mistake Occurs If Both Parties Know the Object

question 46

True/False

A unilateral mistake occurs if both parties know the object of the contract but are mistaken as to its value.

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Definitions:

Drive Axles

The part of a vehicle's drivetrain that transmits power from the transmission to the wheels, enabling them to rotate and propel the vehicle.

Single Axle Weight

Single axle weight refers to the total weight supported by a single axle of a vehicle, critical for assessing load limits and compliance with vehicle regulations.

Semi-Trailer

A type of trailer designed to be attached to and pulled by a tractor unit, with a portion of its weight borne by the tractor.

Jurisdictions

Jurisdictions refer to the areas of authority or control, often related to legal or governmental boundaries and the enforcement of laws and regulations within them.