Examlex
Which of the following should a salesperson do to show appreciation to a regular customer?
Equity
The value of an ownership interest in property, including shareholders' equity in a corporation or owners' equity in property, or fairness and justice as applied in the legal system.
Unilateral Mistake
A contract law principle where an error made by one party does not affect their understanding of key terms or obligations, affecting the contract's enforceability.
Mutual Mistakes
A situation in a contract where all parties have a misunderstanding or incorrect belief about a basic assumption on which the contract is based.
Voidable
A term for an agreement or contract that may appear valid but can be legally voided by one of the parties.
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