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help ill rate A bilateral mistake of fact is one that is A. a mistake regarding value. B. a mistake made by only one party

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A bilateral mistake of fact is one that is A. a mistake regarding value. B. a mistake made by only one party to a contact. C. a material mistake of fact. D. a mutual mistake made by both parties. Frodo promises to buy Aragorn's pony for 10 pieces of gold in exchange for Aragorn's promise to keep Frodo alive until he gets back to the Shire. This exchange of promises creates a contract (assume all of the required elements to form a contract are present). Mark desperately wants to buy Howard's ranch. Mark tells Howard, "sell me your ranch for $300,000 or I will call the IRS and tell them you cheat on your taxes." Then, Mark and Howard then enter into a written contract for the sale of the ranch. If Howard files a lawsuit seeking to get out of the contract claiming that he only signed it because he was under duress what will likely happen? A. The court will order Howard to pay his taxes. B. The contact will not be enforced because it is wrong to call the IRS on anyone for any reason. C. The court will enforce the contract if it finds that $300,000 is a fair price. D. The contract will be enforced because Mark's threat to call the IRS was not wrongful or illegal. Windstar Heli-Pads, Inc., enters into a contract to employ Valerie as an on-site project manager for two years. Windstar breaches the contract. Valerie has a duty to A. breach the contract with Windstar. B. make reasonable efforts to mitigate the amount of her damages caused by the other party's breach. C. sue Windstar to discourage other employers from breaching contracts with their employees D. nothing further

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