Examlex
The federal and state governments are exempted from which of the following acts?
Misrepresentation
A false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.
Legal Action
A formal proceeding by which a party seeks to enforce or protect a legal right through a court of law.
Mutual Mistake
A legal concept where both parties involved in a contract have a shared misunderstanding about a critical fact of the contract.
Unilateral Mistake
Occurs when one party to a contract is mistaken about a basic assumption on which they made the contract, and the other party either knows or has reason to know of the mistake.
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