If the Formation of a Contract Is Affected by Mistake

question 18

Multiple Choice

If the formation of a contract is affected by mistake, which required element of a contract is not present?

• A) Offer
• B) Acceptance
• C) Consideration
• D) Intent
• E) Legality

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Definitions:

Decreases

The process of becoming smaller or fewer in quantity, size, or intensity.

¥1.00

The Japanese Yen currency, represented by the symbol ¥, with 1.00 indicating the unit amount.

Appreciated

Refers to an increase in value of an asset over time.

Currency R Strengthens

The condition where Currency R increases in value relative to other currencies, leading to increased purchasing power internationally.