Q: a contract says they will transfer a life insurance policy with approximate cash value of $68,000. The amount was actual
actually $63000. am i entitled to the $5000 difference?
A: Probably not. This is an issue of mutual mistake. You are not entitled to take advantage of another's mistake. The facts you gave said an APPROXIMATE value of $68000, this seems to be close enough to the actual value of the policy. This case arises under CONTRACT law. You need to discuss with an attorney in your jurisdiction that specializes in this kind of law. Thank you for using Justia, Ask a Lawyer.
A: Until you're able to discuss with a Nevada attorney, it's possible the term "approximate" could be raised in making claim for the difference. You could check with local attorneys to review the contract more thoroughly. Good luck
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