A(n)_____ is one where both parties involved in a contract are under a mistaken belief about a material fact.

Question

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A mutual mistake is one where both parties were acting under a mistaken belief about a material fact. Mutual mistake can arise in many different ways. The parties may unintentionally use a term in their agreement that is ambiguous-capable of being honestly understood in two different ways.

A(n)_____ Is One Where Both Parties Involved in a Contract