When a party to a contract makes a unilateral mistake,the contract:
A) generally can be rescinded by the mistaken party.
B) is void.
C) can be rescinded by either party.
D) generally cannot be rescinded by the mistaken party unless the contract is unconscionable or it is proven that the nonmistaken party knew of the error.

Question

Quizplus · Accepted Answer

Generally, a contract cannot be rescinded by a party simply because they made a unilateral mistake. However, if the mistake is so significant that it renders the contract unconscionable or if it can be proven that the nonmistaken party knew of the error and exploited it, then the mistaken party may be able to rescind the contract.

When a Party to a Contract Makes a Unilateral Mistake,the