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 James to Kate,the furnished information is mistaken.
-Refer to Fact Pattern 14-3. The contract between James and Kate that includes the mistake may be rescinded

Question

Quizplus · Accepted Answer

The contract may be rescinded if the mistake involves a material fact. A material fact is one that would have influenced the decision of one or both parties to enter into the contract. Since the mistake in this case involves the transfer of title to the real estate, which is a material fact, the contract may be rescinded.

County Title Company Processes Information Furnished by Others to Transfer