Examlex
The first line that appears on the direct materials purchases budget is:
Mutual Mistake
A situation where all parties involved in a contract have a shared and incorrect belief about a fundamental fact affecting the agreement.
Unchanged Terms
Conditions or agreements that remain the same and are not altered over time or through negotiations.
Misrepresentation
An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into a contract.
Fraud
The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party's interests.
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