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LSDefine

Simple English definitions for legal terms

unilateral mistake

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A quick definition of unilateral mistake:

Unilateral mistake is when one person makes a mistake in a contract, but the other person did not make the same mistake. This mistake could be about the facts or the law. It is not as strong of a reason to cancel the contract as a mutual mistake, where both people make the same mistake.

A more thorough explanation:

Definition: Unilateral mistake is a type of mistake in which only one party to a contract makes an error or has a misunderstanding about a fact or law. This mistake can make the contract voidable, but it is not as likely to do so as a mutual mistake.

Example: John wants to buy a car from Jane. Jane tells John that the car has never been in an accident, but in reality, it was in a major accident and was repaired. John believes Jane and buys the car. Later, John finds out about the accident and wants to return the car. This is a case of unilateral mistake because only John made the mistake of believing Jane's false statement.

This example illustrates how a unilateral mistake can affect a contract. John's mistaken belief about the car's accident history influenced his decision to buy the car. If John had known the truth, he might not have bought the car or would have negotiated a lower price. Because Jane made a false statement, John can argue that the contract is voidable due to his unilateral mistake.

unilateral advance pricing agreement | unimproved land

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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