When there is a mutual mistake as to a material fact inducing a contract, rescission is inappropriate.
Correct Answer:
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Q19: To be enforceable, a contract must contain
Q20: If a debtor overpays a creditor $5,000,
Q21: Contract law applies to:
A) only formally written
Q22: Promissory estoppels often is used to prevent
Q23: Under the UCC, all contracts and contract
Q25: Madison promises Grace $10 if Grace will
Q27: A minor can disaffirm the contract and
Q29: The ultimate purpose of a contract is
Q32: A collateral promise is a secondary or
Q40: An option offer is open for a
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