A _____ is one where both parties involved in a contract are under a mistaken belief about a material fact.
A) state of duress
B) state of undue influence
C) mutual mistake
D) unilateral mistake

Question

Quizplus · Accepted Answer

A mutual mistake is one where both parties were acting under a mistaken belief about a material fact. Mutual mistake can arise in many different ways. The parties may unintentionally use a term in their agreement that is ambiguous-capable of being honestly understood in two different ways.

A _____ Is One Where Both Parties Involved in a Contract