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    Multiple Choice - What is the effect of one party being mistaken about the subject matter of a contract?

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    What is the effect of one party being mistaken about the subject matter of a contract?

    a. The mistaken party can rescind the contract.
    b. Either party can rescind the contract.
    c. Either party can rescind the contract, and the mistaken party can recover damages.
    d. Either party can rescind the contract and/or recover damages.
    e. Neither party can rescind the contract or recover damages.

    10. An oral contract for the sale of land is:
    a. Void.
    b. Enforceable.
    c. Voidable.
    d. Unenforceable.
    e. Implied.

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    https://brainmass.com/law/contract-law/being-mistaken-subject-matter-contract-164081

    Solution Preview

    1. e. This is usually the answer, however, if it is found that the mistaken party really thought the subject matter was ...

    Solution Summary

    The solution discusses what is the effect of one party being mistaken about the subject matter of a contract.

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