Which statement is true: Statement A: An instrument may be reformed when a mutual mistake of the parties causes the failure of the instrument to disclose their real agreement. Stat... Which statement is true: Statement A: An instrument may be reformed when a mutual mistake of the parties causes the failure of the instrument to disclose their real agreement. Statement B: A contract of sale involving a piece of land is perfected by reducing the contract into writing. Neither is true. Only Statement A is true. Both statements are true. Only Statement B is true.
Understand the Problem
The question presents two legal statements regarding mutual mistakes in contracts and the requirements of written contracts for the sale of land, asking the user to identify the truth of these statements.
Answer
Both statements are true.
Both statements are true.
Answer for screen readers
Both statements are true.
More Information
Both statements pertain to legal principles. Statement A involves the concept of reformation of contracts to correct written errors reflecting agreements. Statement B involves the formalization of a real estate sale contract via written documentation, aligning with property law.
Tips
A common mistake is misinterpreting the nature of contract formation and reformation principles. Understanding the legal terminology and principles is essential.
Sources
- QUIA-Module-7.docx - I If the law requires a document or... - coursehero.com
- MODULE 7 - PRIMA FACIE.pdf - 1. Is that remedy in equity by... - coursehero.com
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