When Steve divorced Laura, they agreed to split their assets equally. They had an account with an investment firm estimated to worth about $9.4 million. Steve paid Laura more than $6 million-- including $4.7 million to offset the funds they believed to be in the account. Later, they learned that the account contained no assets due to the investment manager’s fraud. Steve sues to rescind the agreement. Discuss under contract law.

Answer rating: 100% (QA)

The agreement can be rescinded based on mutual mistake or bilateral ... View the full answer