Question

Which of the following must a mutual mistake involve in order for a mutual mistake to interfere with legal consent?

A. A basic assumption about the subject matter of the contract.

B. A material effect on the agreement.

C. A basic assumption about the subject matter of the contract and an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement, but not a material effect on the agreement.

D. A basic assumption about the subject matter of the contract, an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement, and a material effect on the agreement.

E. An admission by one of the parties that a misrepresentation occurred.

Answer

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