Question
A has two Corvette Stingray automobiles, one built in 1965 and the other built in 2009. Both cars are worth approximately the same amount (about
A has two Corvette Stingray automobiles, one built in 1965 and the other built in 2009. Both cars are worth approximately the same amount (about $70 000.00). A now wants to sell the 1965 Corvette and to this end begins negotiations with B, who knows that A owns both a 1965 and a 2009 Corvette. In discussions with B, A says "I'm thinking of selling my Corvette for $65 000.00." B believes A is talking about his 2009 Corvette, so B says, "I'll buy it at that price," and pays A the $65 000.00. Later A calls B asking him when he is going to pick up the 1965 Corvette. Having thought that he was buying the 2009 Corvette, B now tells A he wants his money back. Is this enough to void the contract? Why or why not? What remedies will the court impose if the contract is void?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started