Mark, a civil engineer, entered into a contract with David. As per the contract, Mark agreed to design and build a house for David for a specified fee. Mark provided David with an estimation of the total cost and the contract was mutually agreed upon. However, during construction, when Mark increased the price stating a miscalculation on his part, David refused to pay the amount. This scenario is an example of a _____ mistake.
A) mutual
B) collective
C) collateral
D) unilateral
Correct Answer:
Verified
Q10: When a mistake occurs, the parties may
Q10: When one party wrongly threatens to injure
Q11: When can a person rescind a contract?
Q13: Economic duress occurs when:
A) one party offers
Q15: A false statement made in the belief
Q15: Which of the following statements is true
Q15: A false statement made in the belief
Q17: Which of the following is true regarding
Q19: If an unilateral mistake regarding price results
Q20: As a general rule, a unilateral
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