Examlex
What was the source of the problems encountered by many financial firms during the late 2000s?
Mutual Mistake
A situation in a contract where all parties involved have a common but erroneous belief regarding a vital fact about the contract terms.
Valid Contract
An agreement that meets all legal requirements, including offer, acceptance, consideration, and the intention to create a legal relationship, thereby enforceable by law.
Courts
Institutions that administer justice through the interpretation and application of laws.
Fraudulent Misrepresentation
The act of deliberately providing false information or deceiving another party, leading to harm or loss.
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