Examlex
In a study by Tajfel (1970) , subjects were arbitrarily divided into two groups and asked to assign points to a number of subjects whom they had never met. The results showed:
UCC
The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business transactions and contracts.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.
Mutual Mistake
Mistake as to the same material fact on the part of both parties to a contract. In this situation, either party can cancel the contract.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.
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