Examlex
A production possibilities frontier with a ________ shape indicates increasing opportunity costs as more and more of one good is produced.
Contract
A legal agreement between two or more parties that creates obligations which are enforceable or recognized by law.
Mistake of Fact
A misunderstanding by one or more parties to a contract about a material fact that is essential to the agreement, which can sometimes render the contract voidable.
Rescission
The act of revoking, canceling, or annulling a contract, returning all parties to their statuses prior to the contract's formation.
Mistake of Law
An error made by a person in understanding the law as it pertains to their actions, which generally is not considered a defense in criminal law.
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