Beta

Flashcards Studio

Write, submit, and receive AI feedback with score breakdowns.

Study Settings View Stats

Grades Left 0 this week

AI Graded 0 this week

Tracked Cards 0 saved

Due Review 0 cards

Source Defenses to Formation Defenses to Formation Matched to this deck.

Topic

Question Type

Reader

0 tracked cards Contracts

A buyer and seller contracted for the sale of a parcel that both believed could be used for a four-unit apartment building. Unknown to both, a zoning amendment adopted the week before signing limited the parcel to single-family use. The zoning issue materially reduced the parcel's value for the buyer's stated purpose. The written contract was silent on zoning risk.
Which statement best describes the buyer's mutual-mistake defense?

Choose the Best Answer

The buyer may avoid the contract only if the seller intentionally lied. The buyer may avoid the contract for mutual mistake if both parties were mistaken about a basic assumption that materially affected the exchange and the buyer did not bear the risk. The buyer may avoid the contract even if the contract allocated the zoning risk to the buyer. The buyer may avoid the contract only if the property was personal property rather than land.

Load another random question

Your Progress

No data Retention

Tracked Cards: 0
Accuracy: No data
Retained: 0

View Detailed Analytics

Difficulty Breakdown

Answer flashcards to build a real score-based difficulty breakdown.

Current Streak 0 Days

Start a streak with this card.

Suggested Decks

View All

Leech Cards

Review

No recent weak flashcards in your saved workbook.

More

Flashcards Studio

Question

Choose the Best Answer

Hello