A unilateral mistake occurs when only one contracting party is mistaken about a material fact.

Name: A unilateral mistake occurs when only one contracting party is mistaken about a material fact.
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Unilateral mistake occurs when only one party in the contract is mistaken about a material fact. This mistake does not necessarily invalidate the contract but can be used as a defense if the mistaken party did not have a reasonable opportunity to discover the truth.

A Unilateral Mistake Occurs When Only One Contracting Party Is