The law permits rescission of some contracts made in mistake.

Question

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The law recognizes that sometimes parties may enter into a contract under a mistake of fact or law, and in such cases, the affected party has the right to rescind or undo the contract. This is usually the case when the mistake is a material one that goes to the heart of the contract or affects the parties' fundamental assumptions. However, not all mistakes may qualify for rescission, and the specific circumstances of each case will determine whether rescission is possible.

The Law Permits Rescission of Some Contracts Made in Mistake