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Fact Pattern 6-2
CallTalk Corporation,a smartphone and phone-time seller,chooses to use and register "calltalk" as its second-level domain.Later,CallTalk's less successful competitor,CellTalk Company,chooses to use and register "caltalk" (an intentional misspelling of "calltalk") as its second-level domain.Still later,Call&Talk,Inc.,uses the domain name "callltalk" (also a deliberate misspelling of "calltalk") without CallTalk's authorization,to sell pornographic phone conversations.
-Refer to Fact Pattern 6-2.Call&Talk's use of the domain name "callltalk," without CallTalk's authorization,to sell pornographic phone conversations,is
Mutual Mistake
An error shared by all parties to a contract, possibly making the agreement voidable.
Unilateral Mistake
A situation where only one party to an agreement is mistaken about a basic assumption on which the contract is made.
Equity
The value of ownership interest in property, including shareholders' equity in a corporation, minus liabilities and debts.
Concealment
The active hiding of the truth about a material fact.
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