QuestionAugust 10, 2025

Which of the following is not a required element to avoid a contract due to mutual mistake? Multiple Choice The mistake has a material effect on the agreed-upon exchange. The mistake relates to a basic assumption on which the contract was made. The mistake was not readily apparent to either party at the time of contract. The party adversely affected by the mistake does not bear the risk of the mistake.

Which of the following is not a required element to avoid a contract due to mutual mistake? Multiple Choice The mistake has a material effect on the agreed-upon exchange. The mistake relates to a basic assumption on which the contract was made. The mistake was not readily apparent to either party at the time of contract. The party adversely affected by the mistake does not bear the risk of the mistake.
Which of the following is not a required element to avoid a contract due to mutual mistake? Multiple Choice The mistake has a material effect on the agreed-upon exchange. The mistake relates to a basic assumption on which the contract was made. The mistake was not readily apparent to either party at the time of contract. The party adversely affected by the mistake does not bear the risk of the mistake.

Solution
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Answer

The mistake was not readily apparent to either party at the time of contract. Explanation In contract law, to avoid a contract due to mutual mistake, certain elements must be present. However, the requirement that "the mistake was not readily apparent to either party at the time of contract" is not necessary for avoiding the contract.

Explanation

In contract law, to avoid a contract due to mutual mistake, certain elements must be present. However, the requirement that "the mistake was not readily apparent to either party at the time of contract" is not necessary for avoiding the contract.
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