Fact Pattern 15-3
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 Doyle to Ezra, the furnished information is mistaken.
-Refer to Fact Pattern 15-3. The contract between Doyle and Ezra that includes the mistake may be rescinded if the mistake concerns
A) a basic assumption on which the contract was made.
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

Fact Pattern 15-3​
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 Doyle to Ezra, the furnished information is mistaken.
-Refer to Fact Pattern 15-3. The contract between Doyle and Ezra that includes the mistake may be rescinded if the mistake concerns
A) ​a basic assumption on which the contract was made.
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.

Quizplus · Accepted Answer

Rescission of a contract may be granted if the mistake concerns a basic assumption on which the contract was made. In this case, the mistake concerns information furnished by County Title, which is a basic assumption of the contract between Doyle and Ezra. Therefore, the contract may be rescinded.

Fact Pattern 15-3​ County Title Company Processes Information Furnished by Others to Transfer

Fact Pattern 15-3 County Title Company Processes Information Furnished by Others to Transfer