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When a mutual mistake of value occurs, the contract remains enforceable by either party.
Net Income
The final amount of money a company makes after removing all operational costs, taxes, and additional expenses from the overall income.
Return On Common Stockholders' Equity
A financial ratio that measures the profitability of a company from the perspective of common stockholders, calculated by dividing net income available to common shareholders by average common stockholder's equity.
Stockholders' Equity
The residual interest or ownership stake in a corporation's assets after deducting its liabilities, representing shareholders' claims on the company's assets.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.
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