Fact Pattern 13 - 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 Dale to Ezra, the furnished information is mistaken.
Refer to Fact Pattern 13 - 3. If Dale and Ezra are both ignorant of the mistake, it is
A) a bilateral mistake.
B) a fraudulent misrepresentation.
C) a unilateral mistake.
D) undue influence.

Question

Quizplus · Accepted Answer

A bilateral mistake occurs when both parties are mistaken about a fundamental fact in the contract. In this case, both Dale and Ezra are unaware of the mistake, making it a bilateral mistake.

Fact Pattern 13 - 3 County Title Company Processes Information