Fred Is a Concert Violinist Who Is Scheduled to Perform

question 9

Multiple Choice

Fred is a concert violinist who is scheduled to perform at Carnegie Hall for the first time.He buys what he is told is a Stradivarius violin from a well-known, reputable dealer in quality violins, and he pays the going rate for a Stradivarius.He later learns the violin is an imitation, although it is a good imitation, which fooled even the dealer.In this case:

• A)Fred has made a unilateral mistake and cannot avoid the contract.
• B)the dealer has committed fraud in the inducement.
• C)the sale is voidable by the purchaser for mutual mistake.
• D)the sale may be rescinded, because the dealer has made a nonfraudulent misrepresentation.

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Definitions:

Notifies The Seller

The act of informing the seller about relevant information or decisions, typically in a commercial transaction.

Right To Inspect

The right to inspect allows one party to a transaction, typically the buyer, to examine goods or property before finalizing the purchase to ensure they meet specified criteria or quality.

Duty Of Performance

An obligation in contract law requiring parties to complete their contractual obligations to a satisfactory standard.

Nonoccurrence

Refers to an event that was expected or scheduled to take place but did not actually occur.