Fact Pattern 13 - 3 County Title Company processes information furnished by others to transfer title to real estate from a seller to a buyer. In performing this task for a sale of land from Dale to Ezra, the furnished information is mistaken.
Refer to Fact Pattern 13 - 3. The contract between Dale and Ezra that includes the mistake may be rescinded if the mistake concerns
A) a fact that is important and central to the contract.
B) a term in the contract subject to only one reasonable interpretation.
C) a detail on which the parties had a true "meeting of the minds."
D) a third party, such as County Title.

Question

Quizplus · Accepted Answer

A contract may be rescinded if there is a mutual mistake concerning a fact that is important and central to the contract, as it affects the very basis of the agreement.

Fact Pattern 13 - 3 County Title Company Processes Information