Answered: Should a party who enters into a…

Should a party who enters into a contract by mistake be released from their contractual obligations? If yes, should all mistakes be grounds for release, or just certain types of mistakes?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter16: Bargaining

Section: Chapter Questions

Problem 6MC

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Should a party who enters into a contract by mistake be released from their contractual obligations? If yes, should all mistakes be grounds for release, or just certain types of mistakes?

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