Solved

Open Range Agrees to Sell Pinewood Ranch a Remote Parcel

Question 13

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions