Examlex
Why is effective cross-cultural communication important to businesses?
Mutual Mistake
A legal concept where both parties involved in an agreement have a misunderstanding regarding a critical fact of the agreement.
Reasonable Person Test
In a negligence action, the judicial standard of socially acceptable behavior; the standard used to determine the existence of apparent authority of an agent.
Meeting of the Minds
An agreement between parties on the terms of a contract, demonstrating mutual consent and understanding.
Unilateral Mistake
An error made by one party in a contract that does not affect the other party's understanding or agreement.
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