A unilateral mistake will cause a contract to be unenforceable if the other party. True or False

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Social Studies

Victoria Benson

4 April, 20:47

A unilateral mistake will cause a contract to be unenforceable if the other party. True or False

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Lillian Garner · Answer 1

Unilateral Mistake (Misunderstanding) is unenforceable. Palpable unilateral mistakes are voidable. Mistakes in transcription can be contractually reformed.

Explanation:

Unilateral Error is an error of information or perception, regarding basic formation of contract foundation.

Misunderstanding refers to an expression is susceptibility to two different yet equally reasonable meanings and each party, unbeknownst to the other party, interprets a distinct meaning to the expression. The contract is unenforceable in this case.

Palpable unilateral mistakes, And If the other party knows or should have known the mistake, it makes the contract voidable. Transcription mistakes clerical error in transforming contract from oral to written form, the new contract can be reformed in this case.