Which of the following must a mutual mistake involve in order for a mutual mistake to interfere with legal consent?
A)A basic assumption about the subject matter of the contract.
B)A material effect on the agreement.
C)A basic assumption about the subject matter of the contract and an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement,but not a material effect on the agreement.
D)A basic assumption about the subject matter of the contract,a material effect on the agreement,and an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement.
E)An admission by one of the parties that a misrepresentation occurred.

Question

Quizplus · Accepted Answer

For a mutual mistake to interfere with legal consent,it must involve a basic assumption about the subject matter of the contract,a material effect on the agreement,and an adverse effect on a party that did not agree to bear the risk of mistake at the time of the agreement.Courts will not void contracts for reason of mutual mistake if even one of the preceding attributes is missing.

Which of the Following Must a Mutual Mistake Involve in Order