Examlex
All of the following are true of mercantilism except that it
Mistake Of Value
A legal concept referring to an error made by one or both parties at the time of contract formation, concerning the value of the goods or services to be exchanged.
European Courts
Judicial institutions operating within Europe, including both national courts of individual sovereign countries and transnational courts such as the European Court of Justice.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another, when the latter has reasonably relied on that promise to their detriment.
Consideration
A crucial element in contract law, referring to something of value promised to another when forming a contract.
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