A Sells an Old Vase to B and Both Parties

question 3

Multiple Choice

A sells an old vase to B and both parties believe that it is nothing special. B subsequently discovers that the vase is a precious antique from China and worth millions. What is the effect of this discovery on the contract?

• A) The contract is now void for common mistake.
• B) The contract is now voidable for common mistake.
• C) The contract remains valid and is not voidable.
• D) None of the options given is correct.

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Familiarize with the concept of trade secrets and the legal protections available.

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