Multiple Choice
Open Range agrees to sell Pinewood Ranch a remote parcel of land for $15,000. Both parties believe the land to be worthless, but beneath it is shale rock containing oil. A court would
A) not rescind the contract.
B) rescind the contract on the basis of a mistake of quality.
C) rescind the contract on the basis of a mistake of value.
D) rescind the contract on the basis of a mistake of opinion.
Correct Answer:

Verified
Correct Answer:
Verified
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