Examlex
Which account ensures that the BOP actually balances?
Mutual Mistake
A situation in a contract where all parties involved have a shared misunderstanding regarding a fundamental fact or aspect of the agreement.
Unilateral Mistake
A mistake made by only one party in a contract, which may not always void the contract.
Legal Consent
Involves the agreement or permission given by a person who is of legal age and has the mental capacity to make an informed decision.
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.
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