Examlex
Compare and contrast the two types of licenses required for export.
Rectification
A correction, by the court, of the wording of a mistake in a contract.
Rescission
The act of revoking, canceling, or repealing a contract or agreement, returning all parties to their original positions prior to the agreement.
Misrepresentation
Misrepresentation involves giving incorrect information by one individual to another, persuading the latter to enter into a contract based on that faulty information, unintentionally leading to misconceptions during agreement formulation.
Insurance Policy
A contract between an insurer and a policyholder specifying the terms for the payment of claims in the event of a loss.
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