Examlex
Indirect materials costs such as lubes and cleaning fluids are product costs.
Mutual
Pertaining to feelings, obligations, or relationships experienced or carried out by two parties towards each other.
Contract Rescission
The legal cancellation or termination of a contract, returning all parties to their positions prior to the agreement.
Equitable Remedy
A remedy granted by courts in situations where money damages are inadequate, involving actions like injunctions or specific performance.
Mistake
An erroneous belief about the facts of a contract at the time the contract is concluded. When a mistake occurs, legal assent is absent.
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