A Mistake in Value Will Rarely Enable a Party to a Contract

question 52

True/False

A mistake in value will rarely enable a party to a contract to avoid the contract.

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Definitions:

Wealthy Country

A wealthy country is characterized by a high gross domestic product (GDP) per capita, indicating significant economic resources and a high standard of living among its population.

Postsecondary Education

Education that occurs after the completion of secondary education, such as college, university, or vocational training.

Economically Disadvantaged

Economically disadvantaged refers to individuals or groups who have less economic resources and opportunities compared to the broader society, often facing challenges in accessing basic needs and services.

Affluent Home

A household characterized by wealth and high social status, with access to abundant resources and luxury.