Ask Question
BusinessBusiness
28 October, 00:28

Why is it important to distinguish between unilateral and mutual mistakes?

+5
Answers (1)
  1. 28 October, 00:42
    0
    The correct answer is because it determines which contracts could be voidable

    Explanation:

    A unilateral mistake is when just one party to a contract is mistaken as to the terms contained in a contract.

    Commonly, the unilateral mistake does not make a contract void; The mutual mistake makes it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why is it important to distinguish between unilateral and mutual mistakes? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Why is the market for honey efficient despite the potential problem of pollination externalities? Select one: a. The quantity of honey that can be produced each year is capped. b.
Answers (1)
Imagine that you are training a male client who has a medium sized build, is more muscular, and has a considerably amount of lean mass. What would portion control look like for this individual
Answers (1)
The efficiency loss of a tax is the net benefit society gives up because
Answers (1)
Which two skills or abilities are important for a school counselor
Answers (1)
In the small closed economy of san lucretia, the currency is the denar. statistics for last year show that private saving was 60 billion denars, taxes were 70 billion denars, government purchases of goods and services were 80 billion denars, there
Answers (1)
New Questions in Business
Organizational culture consists of three levels: Select one: a. assumptions, orientations, and beliefs. b. beliefs, values, and artifacts. c. artifacts, assumptions, and beliefs. d. assumptions, artifacts, and values.
Answers (1)
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm: A. changes prices to meet the demand. B. changes production levels to meet the demand. C. changes prices and production levels to meet demand. D.
Answers (1)
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Home » Business » Why is it important to distinguish between unilateral and mutual mistakes?
Sign Up Forgot Password?