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Anwah runs an antique store that specializes in paintings and other types of artwork. Lionel visits Anwah's antique store and discovers a beautiful old painting
Anwah runs an antique store that specializes in paintings and other types of artwork. Lionel visits Anwah's antique store and discovers a beautiful old painting in a gilded frame. Lionel is excited because it looks like a painting by Gomez that he saw in his art review class that is worth $5,000. Lionel asks Anwah to confirm that the painting is indeed a Gomez original. Anwah smiles and winks at him. Lionel purchases the painting from Anway for $1,500. When Lionel takes the painting to an art dealer, he discovers that the painting is not a Gomez original and is only worth $20. If Lionel tries to rescind the contract with Anwah: Lionel will not be able to rescind the contract because Anwah did not state that the painting was indeed a Gomez original. Lionel will be able to successfully rescind the contract because the painting was not worth as much as Lionel believed it was worth. Lionel will not be able to rescind the contract because a mistake of value is a not a defense to a contract. Lionel will be able to successfully rescind the contract because Anwah committed fraud
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