A offers B $100,000 for his farm, and they sign an agreement for the sale. Before the money is paid, A finds out that the market value of the farm is only $55,000. A:
A) must buy the farm, but the price will be lowered to create consideration of proper value
B) does not have to go through with the contract because there is not adequate consideration
C) does not have to go through with the contract because there was a mistake of fact
D) must buy the farm, but the price will be lowered when the court reforms the contract
E) none of the other choices
Correct Answer:
Verified
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