A unilateral mistake offers each party the right to rescind the contract.

Name: A unilateral mistake offers each party the right to rescind the contract.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A unilateral mistake is when one party is mistaken about a fundamental aspect of the contract, such as the price of the product. However, in most cases, a unilateral mistake does not give the mistaken party the right to rescind the contract unless the other party knew or should have known about the mistake and failed to correct it.

A Unilateral Mistake Offers Each Party the Right to Rescind