A famous decision involving mistake as to the meaning of contract terms is Raffles v. Wichelhaus, a case involving two ships with the same name which were confused by the two parties to the contract

Liberalization refers to the creation of networks of human interaction that span worldwide distances.

a. true b. false

What is the primary criterion by which accounting information can be judged?

A. Consistency B. Predictive value C. Usefulness for decision making D. Comparability