In contract law a mistake is
A) an error about the terms of the contract, or the assumptions regarding important facts related to the contract.
B) a false statement made by one party that causes someone to enter a contract.
C) unfair manipulation that compromises someone's free will.
D) an error of judgment about the benefits of a contract.
E) the threat of physical or economic harm that results in a contract.

Question

Quizplus · Accepted Answer

A mistake in contract law refers to an error made by one or both parties in regards to the terms of the contract or important facts related to the contract, such as the identity of the parties involved or the subject matter of the contract. This mistake must be material to the contract and not merely a minor detail. Mistakes can be classified as unilateral, where only one party makes the mistake, or mutual, where both parties are mistaken about the same thing.

In Contract Law a Mistake Is