Fact Pattern 14-B1
Gert contracts to sell two tracts of land to Hank.Both parties believe that the two tracts are adjacent,but in fact they are not.Gert is still willing to sell the land,but under these circumstances the deal would adversely affect Hank.
-Refer to Fact Pattern 14-B1.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

Quizplus · Accepted Answer

A bilateral mistake occurs when both parties to a contract are mistaken about a fundamental fact, such as the adjacency of the property in this case.

Fact Pattern 14-B1 Gert Contracts to Sell Two Tracts of Land to Hank.Both