?When can you argue that because of a mistake, there is no contract?

What will be an ideal response?


Only a mistake of fact allows a contract to be avoided, and not a mistake of value or quality. If a mistake concerns the future market value or quality of the object of the contract, the mistake is one of value, and either party can normally enforce the contract. A unilateral mistake of material fact normally does not afford the mistaken party any right to relief from the contract, but a mutual mistake made will afford either party the right to cancel the contract.

Legal Studies & Paralegal

You might also like to view...

Answer the following statement(s) true (T) or false (F)

1. Private law firms are the largest employers of paralegals in the United States. 2. Corporate counsel refers to an attorney who is employed by and represents only that corporation. 3. Paralegal duties are more likely to be varied in small law firms. 4. Paralegals working in a corporations are mostly working with corporate or in-house counsel. 5.. Government paralegal positions are generally not posted on the Internet,

Legal Studies & Paralegal

List some of the items you would prefer a freelance agency supply you with if you were working for them

What will be an ideal response?

Legal Studies & Paralegal

Lack of in- ________ jurisdiction prohibits a court from actually having the authority to dissolve a marriage.

Fill in the blank(s) with the appropriate word(s).

Legal Studies & Paralegal

An employer is vicariously liable for the acts of its employees even if an employee is acting on his or her behalf and not the employer's when the employee commits a tort.

Answer the following statement true (T) or false (F)

Legal Studies & Paralegal