With reference to mutual assent, which of the following concepts applies when both parties are aware that they do not know all they need to know before contracting, and they contract anyway?
A) Fraud in the execution
B) Undue influence
C) Duress
D) Mutual ignorance

Question

Quizplus · Accepted Answer

Mutual ignorance applies when both parties are aware that they do not know all they need to know before contracting, and they contract anyway. Both are bound by the contract even though things turn out differently than the parties thought they would.

With Reference to Mutual Assent, Which of the Following Concepts