Asked by Mohamed Bawazir on Jul 25, 2024
Verified
. Red Stripe replied saying the $4 price is in Canadian currency, not Jamaican currency. When a contract does not specify the currency but only contains the $ symbol, the contract
A) contains a common mistake.
B) contains a mutual mistake.
C) contains a unilateral mistake.
D) contains an innocent misrepresentation.
E) contains a fraudulent misrepresentation.
Innocent Misrepresentation
A false statement made by someone who honestly believes it to be true, impacting a contract or agreement.
- Acquire knowledge about the role of mistakes in contract law and their effect on the enforceability of contracts.
- Identify the differences between unilateral, mutual, and common mistakes in the process of contract formation.
Verified Answer
MF
Muhammed Furkan ?ahinJul 29, 2024
Final Answer :
B
Explanation :
A mutual mistake occurs when both parties have a misunderstanding regarding a fundamental fact of the contract, such as the type of currency in this scenario.
Learning Objectives
- Acquire knowledge about the role of mistakes in contract law and their effect on the enforceability of contracts.
- Identify the differences between unilateral, mutual, and common mistakes in the process of contract formation.
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