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The signals that guide the allocation of resources in a market economy are
Valid Contract
A valid contract is one that meets all the essential legal requirements, including offer, acceptance, consideration, and the intention to create legal relations, making it enforceable in court.
Basic Requirements
The essential criteria or conditions that must be met for a task, project, or job.
Mistake
An incorrect belief or understanding about something, which can affect contracts or other legal agreements when material to the transaction.
Complete Performance
The full and exact fulfillment of all terms and obligations stipulated in a contract.
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