When both parties misunderstand the same set of facts relating to a basic assumption on which a contract is made,it is termed:
A) rescissionary mistake.
B) unilateral mistake.
C) mistake of law.
D) mutual mistake.

Question

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When both parties misunderstand the same set of facts relating to a basic assumption on which a contract is made, it is termed a mutual mistake.

When Both Parties Misunderstand the Same Set of Facts Relating