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Tag Archives: Pasquotank County

Real Property – Contract – Mutual Mistake of Fact Defense – No Mistake – Mortgages

Teague v. Forbes The plaintiff-sellers and their agents correctly informed the defendant-buyers that there was a mortgage lien on 0.7 unimproved acres of the 1.36-acre tract plaintiffs were selling. Although the bank asserted – ultimately unsuccessfully – a lien on the entire tract, the bank’s mistaken belief did not make plaintiffs’ representation untrue.

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