Examlex
An agent will not be liable for damages even if the principal repudiates what the agent has done,as long as he/she has acted reasonably under circumstances.
Crude Oil
A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel and raw material.
Market Price
The current value or cost of a good or service as determined by supply and demand in the open market.
Bilateral Mistake
In contract law, a mistake made by both parties to a contract. Bilateral mistake allows rescission by either party. Also called mutual mistake.
Appraised Value
The estimated monetary value of a property or asset, determined by a professional appraiser based on its characteristics and market conditions.
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