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Fraud in the Execution
refers to a deceitful practice where a person is tricked into signing a document not knowing it is a contract, significantly impacting their rights.
Standard Contract
A standard contract is a pre-drafted agreement using set terms and conditions, often used in routine business transactions where negotiation is minimal or not permitted.
Unilateral Mistake
A unilateral mistake occurs when only one party to a contract is mistaken about a basic assumption on which the contract is based.
Unilateral Mistake
A misunderstanding by one party in a contract that does not affect the other party's understanding, often not providing grounds for contract cancellation.
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