Any party who does not receive what he or she considers a fair bargain can rescind the deal on the basis of mistake.

Question

Any party who does not receive what he or she considers a fair bargain can rescind the deal on the basis of mistake.​

Quizplus · Accepted Answer

A mistake alone is not sufficient grounds for rescission of a contract. The mistake must be material to the agreement and not one that could have been easily avoided or corrected. Furthermore, the mistake must be one that affects the basic agreement, not just an incidental detail.

Any Party Who Does Not Receive What He or She