A situation in which both parties are equally at fault in an illegal contract is termed "emancipation."

Name: A situation in which both parties are equally at fault in an illegal contract is termed "emancipation."
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Emancipation refers to the legal process of a minor becoming free from the control of their parents or legal guardians. It is not related to illegal contracts in which both parties are at fault. In such a situation, it would be termed as "mutual fault."

A Situation in Which Both Parties Are Equally at Fault