Fact Pattern 13 - 3 County Title Company Processes Information

question 54

Multiple Choice

Fact Pattern 13 - 3 County Title Company processes information furnished by others to transfer title to real estate from a seller to a buyer. In performing this task for a sale of land from Dale to Ezra, the furnished information is mistaken.
Refer to Fact Pattern 13 - 3. If Dale and Ezra are both ignorant of the mistake, it is

• A) a bilateral mistake.
• B) a fraudulent misrepresentation.
• C) a unilateral mistake.
• D) undue influence.

---

Definitions:

Face Value

The nominal or dollar value printed on a financial instrument like a bond or stock certificate.

Premium

An amount paid for an insurance policy or an amount above the nominal value of a security or investment.

Market Rates

The prevailing interest or exchange rates in the financial markets at any given time.

Premium

The amount paid for an insurance policy or an addition to the standard cost or value of something.