Jill contracts to purchase Kevin's automobile under the belief that she can sell it at a profit to Linda, but after Jill has bought the car, she finds out that Linda isn't interested in buying it. Jill:
A) cannot void the contract.
B) can rescind the agreement.
C) could rescind the agreement if she was mistaken in her estimate of the value of the auto.
D) can sue Linda for detrimental reliance.

Question

Quizplus · Accepted Answer

Jill's belief that she could sell the car at a profit to Linda is a unilateral mistake regarding a future event, not a material fact about the contract itself. This does not provide a basis for rescinding the contract.

Jill Contracts to Purchase Kevin's Automobile Under the Belief That