[Solved] What is the type of mistake which occurs when only one party to a contract is mistaken as to the terms or subject-matter?

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Q.	What is the type of mistake which occurs when only one party to a contract is mistaken as to the terms or subject-matter?
A.	mutual mistake
B.	unilateral mistake
C.	bilateral mistake
D.	individual mistake
Answer» B. unilateral mistake
Explanation: the courts will uphold such a contract unless it was determined that the non-mistaken party was aware of the mistake and tried to take advantage of the mistake. it is also possible for a contract to be void if there was a mistake in the identity of the contracting party. an example is in lewis v.

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