Rob purchased an old glass vase, which Banya represented as an antique made by a famous Italian glassmaker in the 17^th century. As proof of its authenticity, Banya produced an old paper with a rough sketch of the vase on it, along with some writing, and what appeared to be the glassmaker's name. Rob later sold the vase to Castillo, after telling Castillo the story of the vase as told to him by Banya. After Castillo had purchased the vase, he discovered it to be a reproduction of the original, and of very little value. Castillo should act promptly to void the contract on discovery of the misrepresentation, as Castillo will lose the right to do so if much time is allowed to pass.

Question

Quizplus · Accepted Answer

Under contract law, if a party to a contract discovers that they have been misled by a misrepresentation, they typically have a limited period in which to act to void the contract. Delay can result in the loss of the right to rescind the contract.

Rob Purchased an Old Glass Vase, Which Banya Represented as an Antique