Unilateral Mistake in Contractual Relationships

Description

This Skill Bit talks about a unilateral mistake that occurs when only one party is mistaken about a key aspect of the contract, such as its terms or the identity of the parties. The other party is aware of the mistake and takes advantage of it. Unilateral mistakes typically do not cover errors about the subject matter’s qualities or characteristics.

Duration approx. 2 Min.

Tier: advanced