MUTUALITY OF CONTRACT
\mjˌuːt͡ʃuːˈalɪti ɒv kˈɒntɹakt], \mjˌuːtʃuːˈalɪti ɒv kˈɒntɹakt], \m_j_ˌuː_tʃ_uː_ˈa_l_ɪ_t_i_ ɒ_v k_ˈɒ_n_t_ɹ_a_k_t]\
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The requirement that all rules must apply to all parties to a contract for the contract to be enforceable. Otherwise, the contract must be rejected by all parties. No party is allowed to have unfair advantage of partially applied rules under any legal contract.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).