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.

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Definitions:

Schizophrenia

A mental disorder characterized by distorted thinking, perception, emotions, language, sense of self, and behavior.

Neurotransmitter

Substances in the nervous system that facilitate signal transmission from one nerve cell to another across synaptic gaps.

Dopamine

A neurotransmitter associated with pleasure, movement, and the brain's reward system.

Anorexia Nervosa

A mental health disorder classified by an intense fear of gaining weight, leading to restricted food intake, a distorted body image, and potentially life-threatening weight loss.