Examlex
Water has to move through different soil zones as it makes its way to the aquifer.What are the names of the two zones through which it passes to reach the water table?
Mutual Mistake
A situation in contract law where all parties involved have a shared erroneous belief concerning a basic assumption on which the contract was made.
Unilateral Mistake
A situation where only one party to a contract is mistaken about a fundamental fact or term of the contract.
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.
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