Fact Pattern 10-1
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 Doyle to Ezra, the furnished information is mistaken.

-Refer to Fact Pattern 10-1. The contract between Doyle and Ezra that includes the mistake may be rescinded if the mistake involves
A) a material fact.
B) any fact.
C) value or quality.
D) any of the choices.

Question

Fact Pattern 10-1
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 Doyle to Ezra, the furnished information is mistaken.
​
-Refer to Fact Pattern 10-1. The contract between Doyle and Ezra that includes the mistake may be rescinded if the mistake involves​
A) ​a material fact.
B) ​any fact.
C) ​value or quality.
D) ​any of the choices.

Quizplus · Accepted Answer

The contract between Doyle and Ezra can only be rescinded if the mistake involves a material fact, meaning a fact that is significant enough to affect the decision to enter into the contract. Mistakes concerning insignificant or immaterial facts, such as typographical errors, will not usually be sufficient grounds for rescission.

Fact Pattern 10-1 County Title Company Processes Information Furnished by Others to Transfer