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26-78 What is defined as the sum of the products of the time when principal payments are received and the amount of principal received all divided by total principal outstanding?
Scienter Misrepresentation
A false representation made knowingly, without belief in its truth, or recklessly without caring whether it is true or false.
Unilateral Mistake
An error made by one party during the formation of a contract that may affect the enforceability or terms of the agreement.
Mistake Of Fact
A misunderstanding of a fact that is material to a contract, which can render the agreement voidable if the mistake is mutual between both parties.
Legal Assent
The agreement or consent to the terms of a contract, recognizing that all parties understand and accept the conditions as legally binding.
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