In a contract involving risk a court will not grant relief to a party adversely affected by a mistake because the party knew of the risk.

Name: In a contract involving risk a court will not grant relief to a party adversely affected by a mistake because the party knew of the risk.
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Question

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A party who knowingly takes on a risk in a contract cannot later claim relief due to a mistake related to that risk. This is because they were aware of the risk and voluntarily assumed it in the agreement.

In a Contract Involving Risk a Court Will Not Grant