Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Randel and leary negotiated the price that leary ws willing to pay for an oil painting that she discovered in randel's shop. neither know

4.

Randel and leary negotiated the price that leary ws willing to pay for an oil painting that she discovered in randel's shop. neither know the real value of the painting or had any knowledge of the artist's requtation. although leary paid the $75 that they both agreed on, it later turned out that she had purchased. a painting worth several thousnd dollars. Randel demanded the return of the painting, claiming that there had been a mutual mistake. was there a valid contract between randel and leary ? why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit And Management Concept Methodologies Procedures And Case Studies

Authors: L. Ashok Kumar, Gokul Ganesan

1st Edition

978-1032067797

More Books

Students also viewed these Accounting questions