Unilateral Mistake In Contract Law
Thomas agrees to purchase Jane's car for $15,000. Neither party has the vehicle appraised prior to signing the contract. After the transaction, Thomas obtains an appraisal and discovers the car is worth only $10,000. This scenario is an example of which of the following?
A
An incidental mistake
B
A unilateral mistake
C
A palpable unilateral mistake
D
A mistake of law
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