what does unilateral mean?

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what does unilateral mean?

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Question

Asked 10/13/2008 12:33:18 PM

Updated 12/9/2014 3:01:07 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by jeifunk [12/9/2014 3:01:07 AM]

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Original conversation

User: what does unilateral mean?

Weegy: I think this one explains it best: "When online retailers make honest, good-faith pricing mistakes that result in huge losses to the benefit of opportunistic online shoppers, their mistake could be grounds for rescinding the unfavorable contract [ under the doctrine of unilateral mistake. One party’s mistake can make the contract voidable when the mistake concerns a basic assumption on which the contract was formed and has a material effect on the agreement that is adverse to that party. In addition, the adversely affected party must establish that either: (1) the effect of the mistake is such that enforcement of the contract would be unconscionable, or (2) the other party had reason to know of the mistake or his fault caused the mistake." www.lctjournal.washington.edu/vol1/a002groebner.html
http:// /question/?qid=20080220080644AAcAaXq ]

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Question

Asked 10/13/2008 12:33:18 PM

Updated 12/9/2014 3:01:07 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by jeifunk [12/9/2014 3:01:07 AM]

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8

Unilateral means relating to, occurring on, or involving one side only.

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Added 12/8/2014 8:40:17 PM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [12/9/2014 3:01:20 AM], Rated good by jeifunk

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