Mary and Janet entered into a contract for the purchase of a used vehicle. Mary thinks she is selling her 2010 Kia Soul and Janet thinks she is selling her 2012 Audi. This is an example of:

Question

Quizplus · Accepted Answer

This situation is an example of mistake, as both parties have entered into the contract with different beliefs about the vehicle being sold. They did not have a mutual understanding of what was being sold, which is necessary for a valid contract.

Mary and Janet Entered into a Contract for the Purchase