Lanci was involved in an automobile accident with an uninsured motorist. Lanci and Metropolitan Insurance Company entered settlement negotiations and ultimately agreed to settle all claims for $15,000. Lanci’s correspondence accepting the settlement offer clearly indicated his belief that his policy limit was $15,000. However, Lanci did not have a copy of his policy, and, in fact, his policy limit was

$250,000. When Lanci learned the correct policy limit, he refused to accept the settlement proceeds of $15,000.

Should Lanci be able to void the contract? On what basis?