Examlex
A file extension is usually two to four characters in length and is separated from the relative name by a period.
Mutual Mistake
A situation in contract law where all parties involved have a mistaken belief about a vital fact upon which the contract is based.
Peerless Ship
Referencing a specific case in contract law regarding the sale of goods when there is a misunderstanding about which specific goods are being sold.
Unilateral Mistake
An error made by one party in the understanding or interpretation of facts or law related to a contract, which may not necessarily void the contract.
Material Fact
Any fact that is significant or essential to the subject matter of a contract or legal proceeding, which if known, might have altered the decision of a party.
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