Business Law Study Set 5
Quiz 13: Reality of Consent
Reliance Means That an Individual Acts Because of an Assertion
Reliance means that an individual acts because of an assertion of another party.
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Mutual mistake is more likely to make a contract voidable than is unilateral mistake.
In order for a unilateral mistake to make a contract voidable,either the nonmistaken party must have caused or had reason to know of the mistake,or enforcement of the contract must be unconscionable.
A mistake in the principle of law will not justify a recession in a contract.
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