Where a mistake is made in a contract, and the contract contemplates some level of risk, then
A) the court will grant relief to the party adversely affected by the change in accordance with the degree of the effect of the change.
B) the court will not grant relief to the party adversely affected by the change.
C) each party is required to act to mitigate its loss.
D) the court will apply the principles of equity, allocate the risk and apportion the loss.
E) the change that takes place becomes a legal mistake.

Question

Quizplus · Accepted Answer

When a contract contemplates some level of risk, the court typically will not grant relief for a mistake, as the parties are assumed to have accepted the risk involved.

Where a Mistake Is Made in a Contract, and the Contract