Mary contracts to sell Rachel her violin for $10,000, based on an appraisal of the instrument. Their contract provides that even if the appraisal is later found to be mistaken, the sale price will not be altered. One month after the sale, Rachel learns that the violin is only worth $5000. Which of the following is true:
A) Because the contract specified what would happen in the case of a mistake, the sale price will not be altered.
B) Mary must refund Rachel $5000, because the appraisal was mistaken.
C) The contract is unenforceable, because the appraisal was mistaken.
D) The contract is void, because the sale is fraudulent.
Correct Answer:
Verified
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