Contracts
In Hawaii, a 'mutual mistake' in a real estate contract occurs when:
AA. The buyer and seller disagree on the purchase price
BB. Both parties share the same mistaken belief about a material fact at the time of contracting✓ Correct
CC. The agent misrepresented the property to both parties
DD. Both parties forgot to sign an addendum
Explanation
A mutual mistake occurs when both parties were wrong about the same material fact (e.g., both believed the lot was 10,000 sq ft but it was actually 7,000 sq ft), potentially grounds for rescission.
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