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unessential mistake

Contracts. A mistake that does not relate to the nature of the contents of an agreement, but only to some external circumstance, so that the mistake has no effect on the validity of the agreement. — Also termed inessential mistake; nonessential mistake; collateral mistake. [Cases: Contracts 93. C.J.S. Contracts §§ 136, 147–148.]

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promutuum

promutuum (proh-myoo-choo-[schwa]m). [Latin “as if lent”] Civil law. A quasi-contract in which a person who received money or property in error agrees to return what was received to the person who paid it.

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litigation

litigation, n. 1. The process of carrying on a lawsuit (the attorney advised his client to make a generous settlement offer in order to avoid litigation). 2. A lawsuit itself (several litigations pending before the court). — litigate, vb. — litigatory, litigational, adj. complex litigation. Litigation involving several parties who are separately represented, and usu.

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subscription

subscription, n. 1. The act of signing one’s name on a document; the signature so affixed. 2. Securities. A written contract to purchase newly issued shares of stock or bonds. — Also termed (in connection with stock) stock subscription. [Cases: Corporations 75. 1.] 3. An oral or a written agreement to contribute a sum of

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