Answer:
This statement is false. Mistakes in contract law can result from untrue statements made by one party to the other party. This is known as misrepresentation. Misrepresentation can occur when a party makes a false statement or omits important information that induces the other party to enter into the contract. If a party can prove that they entered into the contract as a result of a misrepresentation, they may be able to have the contract set aside.