A unilateral mistake occurs if both parties know the object of the contract but are mistaken as to its value.

Name: A unilateral mistake occurs if both parties know the object of the contract but are mistaken as to its value.
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Quizplus · Accepted Answer

A unilateral mistake occurs when only one party is mistaken about a material fact related to the contract, such as the identity of the other party or the subject matter of the contract.

A Unilateral Mistake Occurs If Both Parties Know the Object