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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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