Tony's Carpets Inc. wants to charge $9.80 a yard for installing a carpet for Serenity Bookstore but accidentally states $8.90 a yard in the bid. Serenity Bookstore accepts Tony's Carpets' bid. Tony's Carpets made a ________. Group of answer choices mutual mistake contractual mistake unilateral mistake bilateral mistake rescission mistake

Respuesta :

Serenity Bookstore accepts Tony's Carpets' bid. Tony's Carpets made a unilateral mistake.

What is unilateral mistake?

  • errors in the amount of a product that will be supplied (especially for large numerical values)
  • misunderstandings of several technical and trade words
  • errors with words with several pronunciations, spellings, or meanings (such as "four" vs. "for")
  • mistakes in a product's quality or description

What types of mistakes will allow rescission of a contract?

The entire agreement must be canceled. A contract may be canceled for a number of reasons, including fraud, an error in fact or law committed by both parties, undue influence, and duress. A party wishing to retract a contract must initiate a lawsuit in order to do so if the other party does not agree that it should be done so.

What are bilateral mistakes?

Contracts are employed in both professional and private contexts. Knowing the distinction between bilateral and unilateral might help with legal and interpersonal relationships because these ideas are very frequently used in everyday settings.

The majority of agreements are regarded as bilateral, which means that there are two or more parties to the contract. Most agreements also contain bilateral agreements. Examples of commonplace bilateral agreements include:

  • completing a purchase at the shop
  • buying a dinner at your preferred eatery
  • getting medical care from your doctor
  • paying your monthly phone bill

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