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TeachMeFinance.com - explain Mistake historic definition... Mistake -- When personal property (as stocks , or bonds ) is by mistake offered for sale at a lower price than was intended and the offer is accepted by one who knows or has good reason to believe that it was a mistake the sale is not binding upon the seller. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.