Question
In an oral contract, Lewis agreed to buy 10 acres of land from Clark. Clark assured Lewis that the land was suitable for development.After he
In an oral contract, Lewis agreed to buy 10 acres of land from Clark. Clark assured Lewis that the land was suitable for development.After he took possession of the land, Lewis discovered that it was adjacent to a hazardous waste dumping site and it could not be developed because it had been deemed contaminated by the EPA. Clark did not mention this to Lewis while negotiating the sale of the property.
a)Why should Lewis be able to rescind his contract with Clark?
b) Does it make any difference whether Clark knew about the contaminated state of the land? Why or why not?
c) Does it matter that the original agreement was not in writing?Explain.
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