Examlex
The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in purchasing power as a result of the price change.
Innocent Misrepresentation
A false statement made by someone who honestly believes it to be true, impacting a contract or agreement.
Mistake of Law
An error made by a person about the legal implications of their actions or the legal requirements of a situation.
Rectification
The legal process of correcting a mistake in a contract or legal document so that it accurately reflects the intentions of the parties involved.
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