Crucial Exams

Multistate Bar Examination Practice Question

Two parties enter into a contract for the sale of a piece of jewelry. The seller believes the jewelry is costume jewelry worth $100, but the buyer recognizes it is an antique piece worth $10,000 and says nothing. Later, the seller discovers the true value of the jewelry and seeks to rescind the contract, claiming there was a mistake. Can the seller succeed?

  • No, because the seller's mistake does not meet the standard for rescission of a contract.

  • Yes, because contracts with mistakes are sometimes voidable depending on the situation.

  • Yes, because the buyer had reason to know the seller was mistaken and remained silent.

  • No, because both parties agreed to the terms of the sale.

Multistate Bar Examination
Contracts
Your Score:
Settings & Objectives
Random Mixed
Questions are selected randomly from all chosen topics, with a preference for those you haven’t seen before. You may see several questions from the same objective or domain in a row.
Rotate by Objective
Questions cycle through each objective or domain in turn, helping you avoid long streaks of questions from the same area. You may see some repeat questions, but the distribution will be more balanced across topics.

Check or uncheck an objective to set which questions you will receive.

Wipe Score
Bash, the Crucial Exams Chat Bot
AI Bot