Q. What is the type of mistake which occurs when only one party to a contract is mistaken as to the terms or subject-matter?
✅ Correct Answer: (B)
unilateral mistake
Explanation: the courts will uphold such a contract unless it was determined that the non-mistaken party was aware of the mistake and tried to take advantage of the mistake. it is also possible for a contract to be void if there was a mistake in the identity of the contracting party. an example is in lewis v.