Albert Found a Stone in His Yard and Took It

question 59

Multiple Choice

Albert found a stone in his yard and took it to Bob, a jeweler, for evaluation. Bob wasn't sure as to the nature of the stone, but told Albert he thought it was a topaz. Bob then offered to buy the stone for $25 and Albert agreed. Later Albert found out the stone was an uncut diamond worth about $700. The sales contract:

• A) is a valid contract that should be enforced by the law, because neither party knew the exact nature of the stone at the time of the sale.
• B) can be voided based upon fraud in the execution.
• C) can be voided based upon fraudulent misrepresentation.
• D) can be voided based upon mistake as to the identity of the subject matter.

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Definitions:

Behavioral Style

The manner in which an individual behaves or conducts themselves, often consistent across different situations.

Emotionality

The quality of being easily aroused strong emotions and possessing a high level of emotional responsiveness.

Vision Acuity

The clarity or sharpness of vision, typically assessed by the ability to discern letters or numbers at a given distance according to a fixed standard.

3 Dimensional

Pertaining to objects that have depth, width, and height, giving them a sense of volume and space.