Fact Pattern 15-B2 (Questions B3-B4 apply)
Organic Farms Company contracts to buy two tracts of land from Prime Bottomland,Inc.Both parties believe that the two tracts are adjacent,but in fact they are not.Prime Bottomland is still willing to sell the land,but under these circumstances the deal would adversely affect Organic Farms.
-Refer to Fact Pattern 15-B2.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

The belief about the adjacency of the property is a bilateral mistake because both parties were mistaken about a fundamental fact regarding the contract.

Fact Pattern 15-B2 (Questions B3-B4 Apply)