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. The contract between Dale and Ezra that includes the mistake may be rescinded if the mistake involves
A) a material fact.
B) any fact.
C) value.
D) quality.

Question

Quizplus · Accepted Answer

A contract may be rescinded if there is a mutual mistake involving a material fact, as it affects the essence of the agreement.

Fact Pattern 13 - 3 County Title Company Processes Information