Which of the Following Statements Pertaining to Mistakes Is True

question 28

Multiple Choice

Which of the following statements pertaining to mistakes is true?

• A) If one party has made a mistake about the subject matter, a contract is voidable.
• B) A person who has made the mistake of not reading a written document would still get relief.
• C) Relief will be afforded to one whose mistake is caused by negligence, and if the person would suffer reasonable hardship if the mistake were not corrected.
• D) If the dealer has to bear the risk of mistake, the contract is valid.
• E) A mistake is unilateral if it has a material effect on the agreed-to exchange.

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Definitions:

Ethnic Origins

Refers to the background or heritage of a group of people, relating to their racial, national, tribal, religious, or cultural roots.

Spanish Colony

A territory that was once part of the Spanish Empire, subject to Spanish rule and governance.

Colonial Population

The number of people settling in lands controlled by a foreign power, often referring to the era of European global colonization.

Non-English Origin

Referring to individuals, cultures, or items that originate from countries or regions where English is not the primary language.