1- The County of Contra Costa, California, held a tax sale in which it offered for sale a vacant piece of property located in the city of El Cerrito. Richard J. Schultz, a carpenter, saw the notice of the pending tax sale and was interested in purchasing the lot to build a house.

Prior to attending the tax sale, Schultz visited and measured the parcel, examined the neighborhood and found the houses there to be "very nice," and had a title search done that turned up no liens or judgments against the property. Schultz did not, however, check with the city zoning/building department regarding the zoning of the property.

Schultz attended the tax sale and, after spirited bidding, won with a bid of $9,100 and received a deed to the property. Within 1 week of the purchase, Schultz discovered that the city's zoning laws prevented building a residence on the lot. In essence, the lot was worthless. Schultz sued to rescind the contract. Can the contract be rescinded? Schultz v. County of Contra Costa, California, 157 Cal.App.3d 242,203 Cal.Rptr. 760, Web 1984 Cal.App. Lexis 2198 (Court of Appeal of California)

2- The First Baptist Church of Moultrie, Georgia, invited bids for the construction of a music, education, and recreation building. The bids were to be accompanied by a bid bond of 5 percent of the bid amount. Barber Contracting Company (Barber Contracting) submitted a bid in the amount of $1,800,000. A bid bond in the amount of 5 percent of the bid-$93,000-was issued by The American Insurance Company. The bids were opened by the church, and Barber Contracting was the lowest bidder.

On the next day, Albert W. Barber, the president of Barber Contracting, informed the church that his company's bid was in error and should have been $150,000higher. The error was caused in totaling the material costs on Barber Contracting's estimate worksheets. The church had not been provided these worksheets. Barber Contracting sent a letter to the church, stating that it was withdrawing its bid. The next day, the church sent a construction contract to Barber Contracting, containing the original bid amount. When Barber Contracting refused to sign the contract and refused to do the work for the original contract price, the church signed a contract with the second-lowest bidder, H & H Construction and Supply Company, Inc., to complete the work for $1,900,000.00 The church sued Barber Contracting and The American Insurance Company, seeking to recover the amount of the bid bond. Who wins? First Baptist Church of Moultrie v. Barber Contracting Co., 189 Ga.App. 804,377 S.E.2d 717, Web 1989 Ga.App. Lexis 25 (Court of Appeals of Georgia)

3- 1 Roat (seller) mailed to Lee (buyer) an offer to sell his house at 7595 Taft Avenue in writing in Union, NJ for $410,000.In accepting the offer, Lee had in mind Roat's house located on Taft Road in the same city.When Lee refused to carry out the agreement, Roat brought an action to recover damages.Was he (Roat) entitled to judgment?

4- D(Debtor) owed A (lender) money ($10,000).A was under the impression that D did not have much money on the basis of this impression, A made a settlement agreement with B for a nominal amount ($500).When A later learned that D (Debtor) was in fact reasonably wealthy, A sought to set the agreement aside.Was he entitled to do so? (Myers v. Bernard, 33 AppDiv2d 619, 326 NYS2d 279)