Fact Pattern 10-2
Grover contracts to sell two tracts of land to Hank. Both parties believe that the two tracts are adjacent, but in fact they are not. Grover is still willing to sell the land, but under these circumstances the deal would adversely affect Hank.
-Refer to Fact Pattern 10-2.The parties' belief about the adjacency of the property is
A)a bilateral mistake.
B)a fraudulent misrepresentation.
C)a unilateral mistake.
D)unconscionable.

Question

Fact Pattern 10-2 
Grover contracts to sell two tracts of land to Hank. Both parties believe that the two tracts are adjacent, but in fact they are not. Grover is still willing to sell the land, but under these circumstances the deal would adversely affect Hank.
-Refer to Fact Pattern 10-2.The parties' belief about the adjacency of the property is
A)a bilateral mistake.
B)a fraudulent misrepresentation.
C)a unilateral mistake.
D)unconscionable.

Quizplus · Accepted Answer

The parties' belief about the adjacency of the property is a bilateral mistake, which occurs when both parties to a contract are mistaken about an important fact. In this case, both parties believed the property was adjacent to a waterfront park, but it was later discovered that it was not.