In Works V

question 22

Multiple Choice

In Works v. Works, what was the result where one party was mistaken about something significant in the contract?

• A) The Court will exercise its discretion to set aside the contract only if satisfied the mistake was the result of willful blindness.
• B) The Court will never set aside a contract where a mistake has been made.
• C) The Court will only set aside the contract if the mistake renders the contract illegal.
• D) The Court will exercise its discretion to set aside the contract only if satisfied that it would be unfair or unjust to enforce it.
• E) The Court will automatically set aside the contract on the basis of the doctrine of mistake.

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Definitions:

Assumptions

Premises or statements taken as true without proof for the purpose of argument or calculation in modeling and problem-solving.

Organization Has Inventory

Indicates that a business or entity maintains a stock of goods or materials for operational purposes and fulfillment of customer demands.

Decoupling

Refers to the strategy of creating independence between supply chain partners for improved flexibility and reduced dependency.