An ambiguity in a contract may constitute a mutual mistake of a material fact.

Name: An ambiguity in a contract may constitute a mutual mistake of a material fact.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

An ambiguity in a contract can lead to both parties having a different understanding of what was agreed upon. If this ambiguity leads to a material mistake in understanding the terms of the contract, it can be deemed a mutual mistake. Therefore, an ambiguity can constitute a mutual mistake of a material fact in a contract.

An Ambiguity in a Contract May Constitute a Mutual Mistake