John buys a watch for $100 at a vintage store.Later,the store learns that the watch was worn by Sean Connery in a James Bond movie and wishes to rescind the sales contract they had with John.Which of the following statements is true in this regard?

Question

Quizplus · Accepted Answer

The store cannot rescind or void the contract because the sale was completed and the ownership of the watch legally transferred to John. The discovery of the watch's increased value does not provide a legal basis for rescinding the contract.

John Buys a Watch for $100 at a Vintage Store