Brief Fact Summary. The Plaintiff, Beachcomber Coins, Inc. (Plaintiff), a coin dealer bought $500 in dime, minted in 1916 at the Denver mint, from the Defendant, Boskett (Defendant). After learning the coin was counterfeit, the Plaintiff sought to have the contract rescinded.
Synopsis of Rule of Law. Sometimes, when dealing with mutual mistake cases, the parties can actually agree as to the thing and still both be mistaken. In this case, both parties agreed as to the coin and its value and both parties were mistaken.
Issue. This case considers what happens when there is an agreement, or meeting of the minds, as to the object of a contract, which the parties later realize to be a mistake.
The Court found that the parties did agree on the object of the agreement (i.e. the questionable coin), but that mistake still occurred, not because they did not know of the others intentions, but because they did not know the true nature of the object of their agreement.
By the provisions of this section the action of ejectment can only be brought against the person in possession of the premises if they are occupied, or against a person claiming title, etc,, when out of possession and the premises are vacant and unoccupied.View Full Point of Law