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. If Doyle and Ezra are both ignorant of the mistake, it is
A) a bilateral mistake.
B) a fraudulent misrepresentation.
C) a unilateral mistake.
D) unconscionable.

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. If Doyle and Ezra are both ignorant of the mistake, it is
A) ​a bilateral mistake.
B) ​a fraudulent misrepresentation.
C) ​a unilateral mistake.
D) ​unconscionable.

Quizplus · Accepted Answer

A bilateral mistake occurs when both parties are unaware of a mistake in the terms or assumptions of a contract.

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