CASE D: Seller owns land that is suitable for agriculture.Buyer age 25 is in the market for farmland to raise a corn and cattle operation.Seller sends a letter to buyer which says: "I will sell you the parcel of land known as White Acre for $500,000."Seller responds, in writing, "I accept that offer and will pay the amount specified for that parcel".The price is set accordingly and they close on the property.Shortly thereafter, buyer learns for the very first time that the land is worth 10 times the sales price - unbeknownst to either party, there were valuable mineral deposits below the surface.Seller wants to undo the sale

For Case Study D, you will prepare two brief business letters.First, stand in the shoes of Seller and do a business letter (not in excess of one page) to Buyer indicating your legal argument for undoing the sale.Your letter should explain the legal principles applicable to the case and an application of the facts to those principles.Next, stand in the shoes of the Buyer and draft a response letter (not in excess of one page) indicating why a valid contractdoes exist.Again, cite the governing law and set forth a factual application that demonstrates Buyer's best argument.Do not add any facts to those given in the case study.