mistake definition

mistake

General: Something that doesn't work out in search for a solution. Often used interchangeably with error.

Law: Misunderstanding or erroneous belief about a material-fact which may prevent formation of a valid contract. It is of three basic types (1) Common mistake: all parties make the same error. (2) Mutual mistake: all parties are mistaken or fail to understand each other. (3) Unilateral mistake: only one party is mistaken.

mistake is in the Corporate, Commercial, & General Law and Decision Making, Problem Solving, & Strategy subjects.

mistake appears in the definitions of the following terms: data cleaning, errors and omissions liability insurance, bona fide error, allowance, negligence rule, analogical reasoning, accounting error, typographical error, exemption clause, mistake of law and

mistake appears in the other terms: mistake in judgment, clerical mistake, unilateral mistake, mutual mistake, mistake of fact, common mistake

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