Cal contracts to sell 1,000 logs to Doris at a price of $250 per log. Cal believes that the logs are worth only $150 per log. When Doris finds out the true value of the logs, she refuses to buy them. Cal's contract with Doris is:
A) unenforceable
B) enforceable
C) voidable
D) void
E) illegal

Question

Quizplus · Accepted Answer

The contract is enforceable because both parties agreed to the terms, and the price discrepancy does not affect the legality or enforceability of the contract. The value of the logs is subjective and does not invalidate the agreement.

Cal Contracts to Sell 1,000 Logs to Doris at a Price