Examlex
Explain why changing the tax code is so difficult.
Mistake
An erroneous belief or misunderstanding about something, which can affect the validity of a contract if it's fundamental.
Raffles V. Wichelhaus
A landmark case in contract law dealing with mutual mistake and the importance of clear terms in agreements, specifically relating to the "Peerless" ship.
Contractual Terms
The conditions and stipulations outlined in a contract that determine the rights and duties of the parties involved.
Fraud in the Inducement
involves deceiving someone to enter into a contract, where the deception impacts their decision to agree to the contract.
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