When both parties to a contract are mistaken about the same material fact, a unilateral mistake has occurred.
Correct Answer:
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Q1: An otherwise valid contract is enforceable even
Q2: Generally, a unilateral mistake does not give
Q4: A party who can show that he
Q5: Misrepresentation of law does not ordinarily entitle
Q6: One type of bilateral mistake can occur
Q7: If a contractor's bid was significantly low
Q8: Each party to a contract assumes the
Q9: Exaggeration is an element of fraud.
Q10: An innocent party who does not suffer
Q11: The first element of proving fraud is
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