Essay Flashcards

A landowner, Pedro, owns a parcel in the city. His nephew, Ramon, has been pressuring Pedro to sell and, under threats of violence and intimidation, Pedro signs a deed transferring the land to Ramon. The deed is immediately recorded. Ramon later sells the land to a bona fide purchaser, Luis, for a fair price. Pedro now seeks rescission of the sale against Ramon. (a) Identify the doctrine governing the validity of Pedro's deed and the remedy available to Pedro. (b) Distinguish voidable contracts from void contracts and explain the effect of rescission on the land when a third party has acquired it in good faith. (c) If the court grants rescission, what will happen to Luis’s title if he bought in good faith and for value, and what remedies are available to Pedro against Ramon?