Search results
Results from the WOW.Com Content Network
Mistake of law is when a party enters into a contract without the knowledge of the law in the country. The contract is affected by such mistakes, but it is not void. The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. [3]
Graham offered her correction fluid to IBM, which declined the offer (the company announced its own Correcting Selectric with an integrated lift-off tape in 1973). By 1968, the product – now renamed Liquid Paper – was profitable, and in 1979 the company was sold to the Gillette Corporation for $47.5 million with royalties.
Design errors and mistakes in a microprocessor's hardwired logic may also be documented and described as errata. One well-publicized example is Intel's "FDIV" erratum in early Pentium processors, [7] known as the Pentium FDIV bug. This gave incorrect answers to a floating-point division instruction (FDIV) for a small set of numbers, due to an ...
Muphry's Law also dictates that, if a mistake is as plain as the nose on your face, everyone can see it but you. Your readers will always notice errors in a title, in headings, in the first paragraph of anything, and in the top lines of a new page. These are the very places where authors, editors and proofreaders are most likely to make ...
For premium support please call: 800-290-4726 more ways to reach us
Furthermore, because rescission is supposed to be imposed mutually upon both sides to a contract, the party seeking rescission normally must offer to give back all benefits he or she has received under the contract (an "offer of tender"). The US state of Virginia uses the term "cancellation" for equitable rescission. Furthermore, a minority of ...
We all want to use words in a way that makes us sound professional, but caring too much about words can lead some of us to fall into an easy trap.
A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...