For a contract to be dissolved because of a mistake, the law usually requires that the mistake be:
A) mutual.
B) unilateral.
C) intentional.
D) a belief about what might happen in the future.

Question

Quizplus · Accepted Answer

Mutual mistakes, where both parties share the same incorrect assumption about a fundamental fact at the time of the contract formation, can lead to the dissolution of a contract. This is because the contract is based on a misunderstanding that affects the substance of the agreement.

For a Contract to Be Dissolved Because of a Mistake