The meeting of the minds of both or ail the parties to a contract; the fact that each agrees to all the terms and conditions in the same sense and with the same meaning as the others. … [Read more...]
MYSTIC TESTAMENT
In the law of Louisiana, a closed or sealed will, required by statute to be executed in a particular manner and to be signed (on the outside of the paper or of the envelope containing it) by a notary and seven witnesses as well as the testator. See Civ. Code La. art 1584. … [Read more...]
MUTUAL FUND
A fund which consists of the pooled contributions of investors into a fund which is invested. … [Read more...]
MYSTIC WILL
A will that was created and drafted in secret, signed, sealed and witnessed. … [Read more...]
MUTUAL MISTAKE
A misunderstanding or mistake by both or all parties to a contract, which is not canceled as a result of a superficial mistake but is void if the mistake is with regard to a fundamental or essential part of the agreement. For example, if the parties thought that a pregnant horse was being sold but, upon inspection, it is discovered that the animal is a sterile mule. … [Read more...]