For a Contract to Be Dissolved Because of a Mistake

question 10

Multiple Choice

For a contract to be dissolved because of a mistake, the law usually requires that the mistake be:

• A) mutual.
• B) unilateral.
• C) intentional.
• D) a belief about what might happen in the future.

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Definitions:

Valid Judgment

A court's final decision that is legally binding and enforceable, having met all necessary legal requirements.

Diversity of Citizenship

Diversity of Citizenship is a legal concept in the United States that allows federal courts to hear cases where parties are from different states or countries.

Damages Amount

The sum of money awarded to a party in a lawsuit as compensation for injury or loss caused by the wrongdoing of another party.

Federal Court

A branch of the country's court system that deals with disputes involving federal law or the constitution.