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During the Industrial Revolution,
Breach of Contract
Occurs when one party fails to fulfill their obligations under a contract, allowing the other party to seek legal remedies.
Unilateral Mistake
A situation in contract law where only one party is mistaken about a basic assumption on which a contract is made, which can impact the enforceability of the contract.
Mistake
An incorrect belief or understanding regarding a fact, judgment, or event that can affect the validity of a contract.
Avoidance
The legal process or action taken to nullify or declare a transaction void, preventing its enforcement.
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