Dix Agrees to Sell Eli, for $1,500, a Remote Parcel

question 9

Multiple Choice

Dix agrees to sell Eli, for $1,500, a remote parcel of land. They 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 fraud.
• C) ​rescind the contract on the basis of mistake.
• D) ​rescind the contract on the basis of undue influence.