If the subject matter of a contract turns out to be more valuable than one of the parties believed it would be,that party can cancel the contract.

Question

Quizplus · Accepted Answer

This statement is false. A contract is a legally binding agreement and cannot be cancelled unilaterally based on a change in value of the subject matter. Both parties are expected to fulfill their obligations as agreed upon in the contract.

If the Subject Matter of a Contract Turns Out to Be