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If There Has Been a Mutual Mistake,the Contract May Be

question 28

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If there has been a mutual mistake,the contract may be rescinded on the grounds that no contract has been formed because there has been no "meeting of the minds" between the parties.


Definitions:

Desirability

The quality of being wanted or wished for as being attractive, useful, or necessary.

Incentive Compensation Scheme

A strategy used by businesses to motivate and reward employees beyond regular pay to improve company performance.

Performance Evaluation

A process of assessing how effectively an individual, system, or organization meets its objectives.

Reward System

A structured program designed to recognize and reward desired behaviors or achievements, often used in organizational settings.

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