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Ricky has been charged with grand theft for stealing a $1,000 diamond ring.The police investigator found the following:
· Mike claims he saw Ricky take the ring from a display case at a jewelry store;
· Nate, a clerk at the jewelry store, reported the ring missing two minutes after Ricky left the store;
· Owen, the owner of a pawn shop, claims Ricky tried to pawn a ring one hour after Nate reported it missing;
· Patty, Ricky's former girlfriend, claims she threw her engagement ring in Ricky's face when they broke up two years ago. What would provide the best corroboration for Mike's testimony?
Mutual Mistake
A situation in contract law where all parties involved have a mistaken understanding of one or more material facts relevant to the contract.
Basic Assumption
Refers to a fundamental belief or principle that is accepted as true without proof, often serving as the foundation for further reasoning or behavior.
Material Effect
A significant impact or change to the financial or operational status of a company.
Fraudulent Misrepresentations
False statements made with the intent to deceive, which leads someone to enter into a contract to their detriment.
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